Decision details

The Cabinet was provided with an update on economic conditions in Solihull, specifically the investment trends for 2018/19, as a key indicator of economic health and an identified priority for the regional devolution agenda.

Members were advised that full year for 2018/19 showed that whilst enquiries were slightly down compared to the same period in 2017/18 investments and jobs were up. The slow down in new enquiries could indicate some nervousness in the property market in the short term, but it was also showing that companies who had been looking in the medium/longer term were continuing with their investment plans and making a commitment to remain, expand or relocate to Solihull.

The report went on to detail trends from a national, regional and Solihull perspective.

Members welcomed the report and noted that in difficult times, the Council’s strategy around UKC was reaping rewards, by creating the required conditions for growth.

RESOLVED:

That the investment trends and their implications for the

delivery of Managed Growth be noted.