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The Committee received and considered the report from the Head of Inward Investment.
The Head of Inward Investment gave an update on the Great Yarmouth Enterprise Hub pilot project and Enabling Self-Employment in Norfolk project. It set out the current plans for a fully-funded scheme to run until the end of December 2022 in premises within Market Gates, delivered with the Town Centre Partnership, Norfolk Chamber of Commerce and other trusted partners.
The pilot would also cover costs for the two existing GYBC Business Advisor posts beyond June 2022 when their current funding ended and helped inform development of the support for businesses theme within the Borough’s emerging UK Shared Prosperity Fund Investment Plan.
Councillor A Wright asked why the former Greenwoods shop had not housed the Enterprise Hub as previously reported to the Committee. The Council also owned other premises within the Town Centre, such as in the Market Row, which would have negated the cost of rent. Councillor Wright asked for clarification as to whether the two Business Advisor posts were new posts or whether they were existing posts. Councillor Wright asked whether it would be possible for the Business Advisors to attend a future meeting to introduce themselves to the Committee.
Councillor Wainwright asked if the Committee could be informed of how many vacant premises we had in the Town Centre. The Chairman agree that a report, for information only, would be prepared and circulated to the Committee.
Councillor Cordiner-Achenbach was concerned regarding the length of time and costs it was taking to get this important project off the ground. The head of Inward Investment reported that the fit-out of the premises in Market Gates would be basic, new flooring, up-cycled desks and acrylic signage at the front and would not hold up the opening of the hub for very long.
Councillor Cordiner-Achenbach highlighted that the Hub must not dual-fund the same users to enable the initiative to help as many people as possible. The head of Inward Investment agreed that the initiative should not run the risk of double-accounting.
The Chairman thanked the Head of Inward Investment for an excellent report and reported that the scheme would extend front-line business support and provide the essential data to expand this service in Great Yarmouth.
RESOLVED:-
That the Committee:-
(i) Review and comment upon the update on the Great Yarmouth Enterprise Hub pilot project and Enabling Self Employment in Norfolk project as set out in this report; and
(ii) Note the associated opportunity to extend existing frontline business support until the end of 2022 and help gauge local need and demand for any further development of the concept under the local UK Shared Prosperity Fund award.