Executive post

Executive Member for Business and Economic Development - Stuart Munro


5.2.8  Executive Member for Business and Economic Development

Together with the Deputy Leader, to assist the Leader in overseeing and to deliver the Council’s Asset Strategy with regard to all Council owned property, to assist the Leader in acquisition and/or disposal of assets in line with Council policies, and to advise other Members of Council policy and targets in respect of asset management.

To oversee the Council’s external funding strategy to maximise income from government and other sources.

To oversee the Economic Development Strategy and develop good working relationships with local businesses.

To lead on the Local Enterprise Partnership.

To lead on economic recovery within the Borough.

To act as the primary press spokesman on all matters relating to the whole of the Business and Economic Development portfolio and matters relating to Regeneration.

To oversee the projects relating to the regeneration of the Borough’s Town Centres and other related projects across the Borough.

To take responsibility for and maintain oversight of the Wokingham Town Centre Regeneration.

To ensure that decisions and policies within the Business and Economic Development portfolio are in accordance with the Council’s Equal Opportunities Policy.

To hold the Director of Finance to account for the performance and improvement of the services and sufficiency duties.

To cover the development and implementation of the Town Centre Lettings Strategy.

To oversee the implementation of the Council’s Investment Strategy, including oversight of the Council’s Investment Portfolio, in conjunction with the Leader of the Council and the Executive Member for Finance and Housing.

To work with the relevant Directors and the Executive Member for Finance and Housing to produce a 3-year rolling budget with the emphasis on the first 12mth which adequately cover the costs within the Executive Member’s areas of responsibility.

To ensure there is regular performance monitoring with directors against the agreed annual budget.

To ensure timely reporting of both over and under spend against agreed budget.

To ensure the preparation of supplementary budget estimates and justification for any overspend against agreed budget.

To take overall responsibility for all financial matters within the portfolio.

To take responsibility for overseeing the development of the contract procurement strategy within the Business and Economic Development portfolio, with particular regard to the following:


a)          ensuring corporate and consistent standards for monitoring and evaluation of contracts;


b)          examining with appropriate Officers ways in which contracts of all types can be better managed on a timely renewal basis to achieve greater value for money;


c)           to examine potential new ways of procuring services including;


i)                outsourcing;

ii)        market testing;

iii)       public/private partnerships or the Private Finance Initiative;

iv)       joint working with other public bodies;


d)          monitoring and evaluating the performance and value for money of contracts that have been awarded.

To take on or transfer any other function, responsibility or role which the Leader may deem from time to time appropriate.



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