Purpose

S&R 12/3/24 agreed to consider the draft
Growth Plan in late Summer 2024. 

Content

9.1

The Executive Director City Futures submitted a
report seeking approval to the adoption of the Sheffield Growth
Plan 2025-35.
 
The report stated that throughout 2024, Sheffield
City Council had developed a Sheffield Growth Plan 2025-35, based
on economic evidence and considerable stakeholder
engagement.  This builds on the draft
principles and strategic priorities set out in the ‘Growth
Framework’, which was agreed by Strategy and Resources
Committee in March 2024 as a basis for the plan.  This report outlines the development of the Growth
Plan since then and seeks Strategy and Resources approval of the
final Plan and its endorsement of the proposals for the delivery of
the Plan.

 

 

9.2

RESOLVED UNANIMOUSLY: That Strategy and
Resources Policy Committee:-

 

 

 

(a) approves the
adoption of the Sheffield Growth Plan 2025-35 as set out in
Appendix A, noting how the Growth Plan builds on the Growth
Framework which was endorsed by Strategy and Resources Policy
Committee earlier this year;
 
(b) thanks
stakeholders for their comments and insights provided on the draft
Growth Plan as part of two phases of engagement in its
development;
 
(c) requests
that Economic Development and Skills Committee and Transport,
Regeneration and Climate Policy Committee consider the Growth Plan
and its implications at their committees and lead on implementation
which falls within their remit;
 
(d) notes the
work of Economic Development and Skills Committee and Transport,
Regeneration and Climate Policy Committee in developing the
thematic strategic plans which sit below the Growth
Plan;
 
(e) endorses the
development of an Investment Plan to guide deliver and the
formation of an ‘Invest in Growth Compact’ as set out
in the Growth Plan section ‘Making it happen Together’;
and
 
(f) endorses the
action areas detail in section 2.16 of the report to utilise the
Council’s resources, convening and direct powers to support
the delivery of the growth, subject to the scheme of
delegation.

 

 

9.3

Reasons for Decision

 

 

9.3.1

This is a
pivotal moment in Sheffield’s growth journey. Sheffield has
ambitious plans for the future of its economy.  Bringing these together into a coherent plan to
communicate the city’s priorities benefits the city’s
partners, investors and Sheffield citizens.  It helps to identify areas of joint working and
investment opportunities and sets out the Council’s
commitment to the city’s prosperity.

 

 

9.4

Alternatives Considered and
Rejected

 

 

9.4.1

Alternative Option 1:
Do not develop a growth plan. This was rejected due to the needs
of the city, and the need identified in the LGA Peer Review, for a
strong and visible statement of ambition that brings together the
city’s regeneration plans for partners, investors, elected
members and citizens. 

 

 

9.4.2

Alternative Option 2:
Continue with a suite of strategies and action plans with no
overarching plan. This was rejected due to the opportunity to
create a coherent narrative across various areas of economic and
regeneration activity. In doing so, the narrative can connect the
city’s growth ambitions, partnerships, investment and
community engagement to better support and improve the quality of
life of the people of Sheffield.