Andy Simpson, Head of Strategy and Policy, introduced the report and referred to the report in the agenda. He explained that the Central London Forward’s (CLF) purpose was to facilitate collaboration and partnership amongst the 12 Central London boroughs and provide a collective voice for member boroughs and their residents in meeting challenges and capitalising on the opportunities which growth provides.

It was noted that one fifth of the UK’s national income was generated in London and access to the opportunities generated from this growth was key to improving the lives of residents within the borough. Tower Hamlets residents have had direct access to opportunities generated via growth in affordable housing, workspace, employment, accessible infrastructure, connectivity and etc.

He explained that the proposal for this report was for The Committee to approve membership to the CLF Sub-Regional Partnership. Mr Simpson highlighted the fact as a result of the membership over the last two years, an excess of £7.5 million was secured for Tower Hamlets specific project as well as £8 million secured as part of a sub-regional consortium. He stressed that the council’s success in securing funding supported through the CLF was critical in strengthening inclusive growth within the borough.

The membership of the sub regional partnership was £40k for an annual subscription and it was noted that the Chief Executive and The Mayor, were in support of this proposal.

The Committee welcomed the report and following a brief discussion the following was noted;

-       That a future update should include where the investments are made and how the money from the growth is allocated. 

-       That Tower Hamlets have been a member of the CLF Sub regional partnership since 2015. The membership needed to be renewed annually.

-       The Committee agreed to approve the membership to the CLF sub-regional partnership.

-       That GP Committee is to receive an annual report with an update of the successes over the course of each year. 

RESOLVED

1.    The membership to the CLF sub-regional partnership, be approved. 

2.    The Corporate Director Governance to be authorised to update the relevant parts of the constitution accordingly.

3.    That a regular annual update report is to be brought to the committee.