Issue - meetings

The Committee considered a report that provided an update on the proposals for the East Midlands Investment Zone (EMIZ), the emerging investment plan and next steps, including the Council’s role in the EMIZ and to note the decision taken by Executive on 15th April 2024.

The Director for Economic Development (Devolution) explained that the EMIZ covered Derbyshire and Nottinghamshire – it covered the same area as D2N2 and the East Midlands Mayoral Combined County Authority (EMMCCA) – and would provide extra funding and investment.  With the District well placed along the county line, proposals could prove successful.

The Investment Zone would be managed by the EMMCCA and shovel-ready projects would be favoured; the inaugural Development Board was ready to put forward proposals and complete recommendations with the intent to get a head start, with the first meeting of the board taking place the day after the Committee.

After a question from the Chair, the Director for Economic Development (Devolution) explained the new Mayor would take up their responsibilities on the 7th May 2024 and the EMMCCA would become the governing body for the Investment Zone; the Council’s work would be adjacent to them – the Development Board would submit proposals to the EMMCCA.

Moved by Councillor Will Fletcher and seconded by Councillor Jane Yates

RESOLVED that the report be noted.