To receive any apologies for absence.

There were no apologies.

Minutes of the last meeting will be taken to the next meeting of the Executive due to the short time between meetings.

The Chair advised that the minutes of the previous remote meeting held on 20^th October 2020 would be presented to the next meeting of the Executive on 8^th December 2020.

To determine whether there are any additional items of business which, by reason of special circumstances, the Chair decides should be considered at the meeting as a matter of urgency.

There were no additional items of business.

To receive any declarations of interest from Members relating to any item on the agenda, in accordance with the provisions of the Code of Conduct and/or indicate if S106 of the Local Government Finance Act 1992 applies to them.

There were no declarations of interest.

To determine during which items, if any, the public are to be excluded from the meeting.

IT WAS RESOLVED

That the public be excluded from the meeting before discussion took place on items 8 and 9 of the agenda in view of the nature of the business to be transacted.  If the public were present there would be a disclosure within the meaning of Part VA of the Local Government Act 1972.

Items 8 and 9 contained information relating to the financial or business affairs of any particular person (including the authority holding that information.

To consider questions, statements or petitions from Members of the Public.

No questions had been received.

To consider a report on Economic Recovery and Growth post-COVID-19.

Purpose

The purpose of the report was for the Executive to consider and approve the Economic Recovery and Growth Strategy as set out in Appendix 1 as attached to the report and related budgets.

Reason for Decision

Burnley Borough Council has successfully pursued an ambitious economic growth strategy over the last decade, resulting in significant employment growth and investment.  However, the recent COVID 19 pandemic is posing a serious threat to the economy locally and globally.

The Council and its partners need to respond to the immediate crisis whilst continuing to address some existing structural weaknesses in the economy and put in place the building blocks for more diverse, inclusive and resilient economic growth in the future.

A strategic approach will enable the Council and its partners to present a clear economic vision for the Borough to Government and Sub regional partnerships bodies such as the LEP.  The strategy will be the building block for lobbying for resources and delivering the Government`s levelling up agenda.

The establishment of the Economic Recovery Budget will enable the Council to work with partners to support businesses.

The Employment Partnership post will be key to the work of the Employment and Skills Partnership and in co-ordinating the work of the Youth Employment and Skills Hub ensuring the residents, particularly young people are supported to gain new skills and employment.

A Green Business Pilot/Demonstrator will assist businesses to adopt new green technologies and to diversify into low carbon supply chains.

In approving the recommendations as detailed, Councillor Asif Raja commented on the very good and comprehensive report and expressed thanks to Council officers and the previous Executive for their contribution.  Councillor Raja also stated that there was a need for a long-term strategy for recovery and growth affairs.

Councillor Mark Townsend also congratulated the previous administration on the strategy stating that this had been called for by the then opposition during the Summer period and was a comprehensive piece of work.

Decision

That the Executive:

     I.        Recommends to Full Council that it approve, subject to further consultation with key stakeholders, the Economic Recovery and Growth Strategy set out in Appendix 1 of the report; and

    II.        Approves the establishment of an Economic Recovery Board as set out in the Strategy and paragraphs 15-19 of the report; and

  III.        Recommends to Full Council the approval of a first tranche increase of £350,000 to the Business Growth Fund to be funded through Business Rates Pool and delegates authority to the Strategic Head of Economy and Growth to agree with the Leader, the Executive Member for Resources and the Executive Member for Economy and Growth a detailed plan for the use of the fund; and

  IV.        Approves the establishment of a full time Employment Partnership post to support the Employment and Skills Hub to be funded from the budget established in recommendation iii; and

   V.        Recommends to Full Council to approve the use of £25,000 from the Climate Change Initiatives Budget to support a Green Business  ...  view the full minutes text for item 48.

To consider a loan application.

Purpose

To consider an application from Burnley College for a looa of £4m payable over a period of 15 years.

Reason for Decision

To ensure that the loan agreement is financially viable and contains appropriate safeguards to protect the Council`s interest in this matter.

The delivery of this project will have benefits to both the College and the wider district.  The loan will generate additional income for the Council over the 15 years which makes this proposal both positive financially and for economic growth.

The implications for not providing the loan to the College would be to turn away over 800 16-18 year old students, stop plans to deliver a sport therapist degree and a strength and conditioning degree, reduce the number of elite athletes that study at Burnley college and limit the growth of the College`s university, apprenticeship, and business training courses due to the knock on impact on the available capacity of the existing buildings.

To enable the College to continue to undertake work to support local businesses around upskilling and their requirements to aid the economic recovery and future developments.

To maintain the retention rates of 16-18 year old students and to achieve increasingly higher grades year on year.

That the College will look to employ local labour and apprentices in the construction of these buildings.

Decision

That the Executive:

     I.        Authorise the Head of Finance and Property to agree the terms of the loan agreement in consultation with the Chief Operating Officer and Executive Member for Resources and Performance Management; and

    II.        Authorise the Head of Legal and Democracy to complete all necessary Legal documentation for the loan agreement and any charge against the property.

  III.        Recommends to Full Council to approve the borrowing and budget set out in the financial implications section of the report. (This additional recommendation was introduced by The Head of Finance and Property and approved at the meeting).

To consider a report on the Pioneer Place project.

Purpose

To seek approval for the revised development proposal at Curzon Street (Pioneer Place) and Manchester Road.

Reason for Decision

The Council and its development partner Maple Grove Developments has invested a considerable amount of time and resource intro bringing the scheme to this stage, including securing the REEL cinema as an anchor occupier and securing £3m of funding from Lancashire County Council and £3.6m from the LEP for ¨shovel ready¨ schemes to be delivered by March 2022.  The Council now needs to make a decision as to whether or not to proceed with the scheme.

As set out to Members previously the opportunity for a major Leisure based development in the Town Centre will bring new visitors to the town centre during the day and evening time, retail footfall, deliver new jobs and support the growth of the UCLAN campus.  The development will diversity the town centre from a primarily retail lead offer and consolidate its leisure and evening economy offer.  The development is a major strategic intervention in Burnley`s Town Centre and canalside Masterplan and has gained much support from the strategic partners and the Business Improvement District.

However, the scheme is not without its risks which were clearly set out in the report.

In approving the recommendations as detailed, the Executive referred to the financial contribution of Lancashire County Council and the LEP and expressed thanks to both.

Decision

That the Executive note that the Scrutiny Committee on 22^nd October 2020 had recommended option A.

The Executive approved option A and in doing so discounted option B as it was considered that it would not deliver the strategic and economic case as set out in paragraphs 37 to 47 of the report.

Approve the proposal and financial business case set out in the report and:

     I.        Recommend to Full Council to approve the funding of the development including the acceptance of grant funding from Lancashire County Council and the Lancashire Enterprise Partnership as detailed in the Financial Implication Section of the report; and

    II.        Recommend to Full Council that the revised capital programme is approved as set out in the Financial Implication Section of the report; and

  III.        Delegate authority to the Strategic Head of Economy and Growth to negotiate and agree terms of variations to existing agreements and agree new agreements (as necessary) to give effect to this decision; and

  IV.        Approve an additional £65,000 of ¨upfront¨ funding to meet the costs of a revised planning application with funding to be met from the Capital Programme Burnley Town Centre and Canalside Masterplan Budget; and

   V.        Authorise the Head of Legal and Democratic Services to complete all legal documents necessary to give effect to this decision (including appropriation of any land undersection 122 of the Local Government Act 1972, to enable disposal pursuant to section 233 of the Town and Country Planning Act 1990)