Barnet Council has published an economic growth strategy that sets out plans to build 20,000 new homes and create up to 30,000 new jobs.
At the same time they agreed to budget proposals which would see council tax frozen for the fourth year in a row.
The 20 year economic Growth Strategy for the borough sets out the council’s blueprint for creating the environment for growth in the local economy. The Strategy, which was approved by the council’s Cabinet last night, reflects the council’s revised strategic objectives, placing economic growth as its top priority.
The council says it is determined to grasp the opportunities available through reforms to local government funding – in particular, the New Homes Bonus and localisation of business rates.
Barnet say they are already performing better than other parts of London, with the number of young people not in training, education or employment (NEETs) falling and a record level of compan formation during the second quarter of this year.
The Leader of Barnet Council, Councillor Richard Cornelius, today said: ‘Looking forward, we’ll focus our efforts on ensuring that Barnet continues to be a successful London borough where people want to live and work. This means delivering the major regeneration schemes planned across the borough – in areas such as Colindale and Dollis Valley – schemes which create new homes, local jobs and revitalise communities.
“We’ll also build on our support to the young unemployed and embark on a renewed process of engagement with businesses, which are the lifeblood of the local economy.”