Purpose

This report asks Cabinet to consider its
membership of the WM Investment Zone initiative and Joint Committee
in light of further information forthcoming since the November
Cabinet

Decision

That Cabinet:
 
1.    
Supports Warwickshire County Council’s participation in the
West Midlands Investment Zone (WMIZ) and agrees to the Council
becoming a member of such Investment Board, including any Joint
Committee, established by the West Midlands Combined Authority
relating to the WMIZ whose functions include oversight of the
development of the GigaPark site; and
 
2.    
Authorises the Executive Director for Communities to enter into a
Memorandum of Understanding (MoU) with the West Midlands Combined
Authority, Warwick District Council and Coventry City Council in
relation to business rates and their retention across the proposed
West Midlands Investment Zone area, on terms and conditions
acceptable to the Executive Director for Resources.