Agenda item

The Cabinet considered a report of the Corporate Director of Regeneration, Economy and Growth which provided an overview and update on the performance of the Council’s Finance Durham Fund in its first five years of operation, and to look forward to its next phase following the re-procurement of the Fund Manager, which had recently been completed (for copy see file of Minutes).

Councillor J Rowlandson, Portfolio Holder for Resources, Investment and Assets commented that the Council vision for County Durham included the ambition to create more and better jobs and was convinced that Finance Durham was playing a key role in realising this vision. The fund had aligned well with other County Council initiatives and examples of the good work that had taken place were provided for information.

Resolved:

That the report be noted.