(1) The overall proposition for business rate retention and tax incentive sites to be included in the West Midlands Investment Zone and for those ‘Growth Zone sites’ that would be included for Business Rate Retention within Levelling Up Zones was approved.
(2) The establishment and responsibilities of a Joint Committee to govern the implementation of the West Midlands Investment Zone, its terms of reference and that Warwickshire County Council, as a non-constituent authority, be given full voting rights on the Investment Zone Joint Committee, was approved.
(3) The work in progress regarding the finance and funding plan that would underpin delivery of the Investment Zone and Levelling Up Zones sites and the key actions and principles to guide its further development was noted.