Issue details

OD/16/29 Tech East

TechEast is a partnership programme whose mission is “to accelerate the growth of the digital tech economy in the East, through promotion, excellence and support” with an objective of creating a further 5,000 jobs, generate an extra £650M GVA of economic growth in the East and be one of the UK’s Top 5 tech cluster by 2020.

 

This will be delivered through sharing best practice, improving joint working, encouraging more inward investment and showcasing the region’s strengths through a TechEast “embassy” in London.

 

The organisation is currently funded through Suffolk County Council, Norfolk County Council & New Anglia LEP with in-kind support from Suffolk Chamber of Commerce who supports the programme, PR and website.

 

Proposals with county councils and LEP for funding are likely to be completed in September/October and, as part of their plan to be a self-sustaining membership club in 3 years, they have just launched a membership package and are seeking commercial sponsors and patrons.

 

Decision

IBC will invest £10,000 for a one year membership as a Patron of Tech East. There are sufficient funds in the Economic Development budget for this commitment.

Decision type: Non-key

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 26/08/2016

Decision due: 22 Aug 2016 by Officer Decision

Consultation process

This proposal has been discussed with the Portfolio Holder who supports it.

Decisions

Documents