Issue - meetings

Economic Growth Strategy

Meeting: 22/05/2025 - Place and Resources Overview Committee (Item 5)

5 Economic Growth Strategy pdf icon PDF 312 KB

To receive the report from the Head of Growth and Regeneration

Additional documents:

Minutes:

The Head of Growth & Economic Regeneration presented the Dorset Economic Growth Strategy, highlighting challenges and opportunities emphasising alignment with government policy and focusing on strengths within the local economy.

 

 

The discussion focussed on the following key areas and points:

 

·       The balance of support between large and small businesses.

·       Highlighted the need for universities and colleges to boost local skills and seize opportunities.

·       The role of agriculture and how prominent it was in the strategy.

·       The importance of digital infrastructure in supporting economic growth.

·       The significance of tourism and hospitality in the local economy.

·       Identified transport infrastructure as a barrier to growth and reviewed the resources allocated to address it.

·       How delivery and impact would be monitored.

·       Raised issues around grid capacity and power supply and explored green energy opportunities.

·       Explored the potential of setting up an investment office.

·       The social value that could come from generating green energy.

·       The need for affordable housing to support the workforce.

·       Noted concerns about vacant properties and unused business spaces.

·       Highlighted the importance of STEM subjects in driving future growth.

·       Observed that investment and focus were concentrated in the southern parts of the county.

·       Considered the role of public transport in supporting economic development.

·       Reviewed the support available for businesses and new entrepreneurs to help drive growth.