Assets and policy
With the changing Government policy – which is focused on economic growth – a review of existing council policy is required. This review will focus on maximising the potential of this Strategy and the local economy. Commercialisation and income generation has to be at the heart of the Strategy. Changes in policy will lead by example, especially around employment, apprenticeships and learning.
The focus also has to be on utilising local authority owned land and property assets. Capital receipts need to be used effectively to generate real incentives for investors and developers.
- delivery of local authority apprenticeship programme
- delivery of local authority procurement and policy review
- new income streams for local authorities
- increased capital receipts
Our plan of action
In order to respond to challenges we used two main indicators of economic growth – Gross Value Added (GVA: the measure of the value of goods and services) and the associated full-time equivalent jobs (FTE). We took information from recent data to provide the following workstreams.
- apprenticeship deliver programme based on Government levy
- development of local Growth fund
- development of Procurement policy to support local business opportunities
- external funding development
- development of One Public Estate policy
- Weymouth accommodation investment action plan
- key worker housing on local authority land
- local authority assessment, reuse and realisation of assets to delivery economic growth
Studies conducted to contribute to this programme
- economic viability of key redevelopment sites
- Weymouth assessment of under-utilised sites
- Weymouth assessment of a greater range of food and entertainment based attractions
- Blue Sail report for attracting tourism to Weymouth, Portland and Dorchester
Get in touch