The meeting covered several key topics, including the approval of borrowing powers for the North East Combined Authority, the endorsement of the Early Help Strategy for 2024-2026, and an update on the Corporate Asset Management Plan for 2023-2025.

North East Combined Authority Borrowing Powers

John Hewitt, Chief Executive, presented a report seeking the cabinet's agreement to consent to regulations that would provide the new mayoral combined authority with borrowing powers. These powers are crucial for managing the investment fund over the term of the devolution deal. The cabinet agreed to the recommendations, emphasizing the importance of these powers for the authority's functions and priorities.

Early Help Strategy 2024-2026

John Peay, Corporate Director of Children and Young People Services, presented the Early Help Strategy for 2024-2026. The strategy aims to support children and families in achieving their goals in a safe, happy, and healthy environment. It includes priorities based on current data and feedback from children, parents, and local partners. Councillor Alan Shield and Councillor Chris Hood supported the strategy, highlighting its collaborative approach and focus on early intervention. The cabinet endorsed the strategy.

Corporate Asset Management Plan 2023-2025

Amy Harhoff, Corporate Director of Regeneration, Economy, and Growth, provided an update on the Corporate Asset Management Plan. The plan outlines the strategic direction for managing the council's land and property assets, which are valued at over £1 billion. The update highlighted progress in various areas, including the increase in children's homes and industrial sites, and the reduction of surplus assets. Councillor James Rowlandson and Councillor Richard Bell supported the update, emphasizing the importance of effective asset management for financial planning and service delivery. The cabinet noted the report and its recommendations.

Other Business

There was no other business discussed, and the meeting concluded with a resolution to exclude the public for the remaining items.