Decision details

Councillor Eamonn O’Brien, Leader and Cabinet Member for Strategic Growth and Skills, presented the report which sought approval for the creation of a Mayoral Development Zone within the North-East Growth Location and for this to be named the Atom Valley Mayoral Development Zone.

Members discussed the report, noting that the zone covered the Northern Gateway and would provide confidence on delivery for this site in the short and long term. Members noted the potential for this site to attract larger companies, creating a ripple effect for the area, as well as allowing existing innovative Bury businesses space to expand.

Decision:

Cabinet:

1. Gave consent to the Mayoral Development Zone, its boundary and agree for it to be named Atom Valley;

2. Gave approval for the Mayoral Development Zone boundary that sits within the Bury local authority area;

3. Approved the establishment of the Atom Valley Mayoral Development Zone Board with the delegated authority to develop a strategy for the Mayoral Development Zone and create a business case for investment and external funding support with the Greater Manchester Combined Authority;

4. Delegated implementation of Bury’s involvement in the Atom Valley Mayoral Development Zone to the Director of Place in consultation with the portfolio holder for Regeneration and Skills and the Chief Executive; and

5. Noted that regular reporting will go to the Council’s Regeneration Board and Cabinet as appropriate.

Reasons for the decision:

The Atom Valley Mayoral Development Zone will support inclusive and sustainable growth that boosts and maximises the competitiveness of the northern part of Greater Manchester in relation to its local economy and will provide an influx of employment opportunities for its residents, as well as linking in the development of important sustainable transport links across the north of the conurbation.

Alternative options considered and rejected:

No other options were considered/were applicable.