Issue - meetings

To consider the report of the Cabinet Member for Economic Development detailing the progress on the masterplanning programme and next steps.

NOTE: This report is presented as a request for urgent consideration under Part 4 of the Council's Constitution (confidential matters for which 28 days notice of confidentiality was not given).  Whilst the report did have the required 28 days notice as a key decision, the requirement to indicate potential elements of confidentiality was not complied with as notification of the decision was published on the 13 December 2024. The matter requires a decision in order not to delay the Councils opportunity to review and endorse the Prospectus document in advance of a Southampton Renaissance Event arranged to publicise the document alongside other Southampton Renaissance Board Members on 14 February , 2025.

Decision made: (CAB 24/25 47721)

On consideration of the report of the Cabinet Member for Economic Development, Cabinet approved the following:

(i)  To approve for publication (following agreement by all Renaissance Board Members) the Southampton Renaissance Prospectus as set out in Appendix 1 to this report.

(ii)  To endorse the next steps, including promotion of the Southampton Renaissance Prospectus at a Southampton Renaissance event in February, attendance at MIPIM (Le Marché International des Professionnels de l'Immobilier) and United Kingdom Real Estate and Infrastructure Investment Forum (UK REiiiF).

(iii)  To delegate authority to the Executive Director for Growth and Prosperity following consultation with the Cabinet Member for Economic Development to approve minor amendments to the Southampton Renaissance Prospectus (‘The Prospectus’) and the publication of further documents from the Masterplan outputs.

(iv)  To delegate authority to the Executive Director for Growth and Prosperity following consultation with the Cabinet member for Economic Development, to procure and enter into contracts to appoint a Strategic Development Advisor and other contracts needed to deliver the outputs of the Southampton Renaissance Masterplan. These costs will be covered from approved budgets.