The new Torbay Economic Strategy 2022 – 2030 will set the framework for developing Torbay’s economy.

That the draft Torbay Economic Growth Strategy and Action Plan 2022-2030 be approved for public consultation.

The Torbay Economic Growth Strategy underpins the Council’s focus on delivering its corporate priorities and better outcomes for the community with a longer-term plan to address key issues and opportunities and build upon recent successes.

An alternative option would be to continue with the existing strategy, this option was discounted as the existing strategy did not take into account the impact and response to the Covid-19 pandemic.

This decision will be implemented immediately.

The Torbay Economic Growth Strategy 2022 - 2030 provided direction for Torbay Council and its partners responsible for championing Torbay and delivering with its communities in respect of the economic development of the place.  The extent of the challenges facing Torbay’s economy, suggest that there was a compelling argument for economic growth to be the strategic priority for the Council in the coming years given the risk that a failing economy presents for education, health and other outcomes.

At the meeting Councillor Long proposed and Councillor Cowell seconded a motion that was agreed unanimously by the Cabinet, as set out above.

None.