Tag: Cllr Tony Cox

Economy and Regeneration Overview and Scrutiny Committee 7th November 2011 Part 5, apprenticeships, cashflow, business angels, interest rates, inward investment, engineering

An officer said that some businesses were not doing well and some were leaving the Wirral. One had made a decision to move to Hungary and Wirral Council was working with the hundred and eighty staff affected. The forty-six apprenticeships were not just for young people. They also went into companies that they heard were … Continue reading “Economy and Regeneration Overview and Scrutiny Committee 7th November 2011 Part 5, apprenticeships, cashflow, business angels, interest rates, inward investment, engineering”

An officer said that some businesses were not doing well and some were leaving the Wirral. One had made a decision to move to Hungary and Wirral Council was working with the hundred and eighty staff affected.

The forty-six apprenticeships were not just for young people. They also went into companies that they heard were experiencing trouble, to try to alleviate any cashflow problems. The project manager would look at the books and try to keep abreast of any financial problems.

Cllr Tony Cox asked about the profile of those chosen to be business angels, was a maximum percentage rate of interest agreed or was that between the business and the investor?

Paula Basnett said that they just coordinated it, but they could check out the background of business angels with Companies House. The interest rate was between the investor and the investee.

A councillor commented that first tier aerospace engineering as well as second tier precision machine engineering was coming back to the UK. A council officer said that Cllr Davies had been at an event about this a month ago organised by the Chartered Institute of Logistics and Transport called “Give Yourself the Edge” in Bromborough. They were also working with the new management at North West Precision Ltd which was part of the manufacturing base. Wirral Council had also advertised the post of Inward Investment Manager, the closing date had been last Friday. He said managers go into engineering businesses and suppliers of engineering businesses so that Wirral keeps its engineering base and grows it when the conditions are right.

Council Excellence Overview and Scrutiny Committee Wirral Council 27th September 2011 Part 4 Financial Monitoring Statement, Budget Projections 2012/2015

The committee went to Agenda item 2: Financial Monitoring Statement. Ian Coleman, Director of Finance said this had been brought forward from the Council Excellence Overview and Scrutiny Committee on the 15th September.

Cllr Phil Gilchrist said it was for background. The report was noted.

The committee then considered Budget Projections 2012/2015. Cllr Gilchrist said there was “nothing to cheer us up”. He asked about the 2011 Census and how significant it was? Would it come in over the timescale of the Budget? Ian Coleman said he had spoken to the Office of National Statistics in 2001 after the poor response rate on Wirral to make sure it was not repeated. The Office of National Statistics had watched authorities that had problems in 2001. He mentioned the Deputy Director of Finance. The Office of National Statistics had commented on the high response rate and had confirmed it was be available in late 2012. It would therefore affect the 2013 grant settlement.

Cllr Gilchrist expressed his relief.
Cllr Tony Cox asked a question about page 13 (Appendix) specifically the Formula Grant line compared to page 5 (Financial Monitoring Statement 2011/2012 Appendix) and the National Non Domestic Rate line. He asked if the National Non Domestic Rate was part of the Formula Grant.

Cllr Gilchrist said he took it for granted [that it was].

Cllr Alan Brighouse said he was “slightly confused”. He asked if the efficiency investment funding was to be increased by an extra £2 million every year? He was slightly confused as he could not see the £3 million revised pension contribution drop out due to the early voluntary redundancies? He also asked about the £1.7 million IT savings which he would expect to see appearing?