(Report of Chief Executive)
The report provided an update on the progress being made on the North Kent Enterprise Zone initiative, which included a site at Rochester Airfield. Members were also asked to approve the next steps in the delivery of the project.
It was reported that the Accountable Body for the North Kent Enterprise Zone was Maidstone Borough Council and a formal request for contributions towards the cost of this role had recently been received from that authority. It was proposed that a 15% contribution towards legal, financial and administrative costs be made. This equated to £600 per annum and could be met through existing economic development budgets.
Following consideration by the Economic Regeneration Advisory Board, the Cabinet Member for Economic Regeneration resolved that:
(1) the updated information set out in the report be noted;
(2) the support given to the North Kent Enterprise Zone to date be endorsed; and
(3) the proposal to contribute £600 per annum towards the Accountable Body function be agreed.