Decision details

It was resolved –

·        To endorse the Proposition Document and to recommend its adoption by the Full Council as (1) the basis of a longer-term regional strategy for economic growth, and (2) the regional bid  for the priority programmes and projects from which the content of a Growth Deal will be drawn at the Heads of Terms Agreement stage with Governments. Adoption does not commit the Council to any financial investment of its own at this stage and is subject to the financial risks and benefits of the final Growth Deal being set out in detail for full consideration when the final Deal is presented for approval at a later date.

·        To authorise the Leader to commit the Council to entering Heads of Terms with Governments alongside the political and professional leaders from the nine other statutory partners represented on the North Wales Economic Ambition Board, and the North Wales Mersey Dee Business Council, with the Proposition Document setting out the parameters for the Heads of Terms agreement.