Issue - meetings

RESOLVED:

Cabinet approved Surrey County Council’s agreement that Enterprise M3 should submit the Implementation Plan (included in the Part 2 Annex) to Government.

Reasons for Decision

The M3 EZ is a major opportunity to support economic growth on one of the largest available sites for commercial development in Surrey and to secure additional investment in the area. Over 25 years the further detailed work for the Implementation Plan suggests that the EZ could deliver about 130 new businesses, over 10,000 new jobs and generate an additional £230 million in retained business rates. For the Longcross site there could be 32 new businesses, 4100 new jobs and 90,000 sqm of new floor space with the development generating over £140 million in additional business rate income over the full 25 year period.

Successful implementation of the EZ requires support from all the relevant local authorities. Agreement between SCC and Runnymede about the infrastructure and other interventions that are needed to maximise development on the Longcross site will ensure that the package of measures is well targeted.

[The decision on this item may be called in by either the Economic Prosperity, Environment and Highways Board or the Council Overview Board]

The Deputy Leader presented the report to Cabinet stating that proposals for the development of a new Enterprise Zone in Surrey would establish an investment programme for the next 25 years. The Business Case developed by Enterprise M3 would be submitted to the Government for formal agreement should it be approved by the Cabinet.

Mr Few indicated his intention to abstain from voting on the item due to concerns raised by residents in his division about plans for new housing developments in the Longcross part of the Enterprise Zone and the impact that it would have on the surrounding area.

Mr Goodman also stated his intention to abstain from voting on the item and cited concerns raised by residents in his division about increases in the amount of traffic that would arise as a result of the Enterprise Zone. He further suggested that including a junction directly onto the A3 in his division as part of the proposals would help to alleviate congestion in the area.

The Cabinet Member for Highways, Transport and Flooding expressed his support for the creation of the Enterprise Zone stating that it would generate £140 million for the local area over the next 25 years. He further stated that the concerns raised by Mr Few and Mr Goodman would be addressed during the development of the project.

The recommendations were agreed by the Cabinet with seven Members voting with the recommendations and two Members abstaining.

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RESOLVED:

Cabinet approved Surrey County Council’s agreement that Enterprise M3 should submit the Implementation Plan (included in the Part 2 Annex) to Government.

Reasons for Decision

The M3 EZ is a major opportunity to support economic growth on one of the largest available sites for commercial development in Surrey and to secure additional investment in the area. Over 25 years the further detailed work for the Implementation Plan suggests that the EZ could deliver about 130 new businesses, over 10,000 new jobs and generate an additional £230 million in retained business rates. For the Longcross site there could be 32 new businesses, 4100 new jobs and 90,000 sqm of new floor space with the development generating over £140 million in additional business rate income over the full 25 year period.

Successful implementation of the EZ requires support from all the relevant local authorities. Agreement between SCC and Runnymede about the infrastructure and other interventions that are needed to maximise development on the Longcross site will ensure that the package of measures is well targeted.

[The decision on this item may be called in by either the Economic Prosperity, Environment and Highways Board or the Council Overview Board]