Cardiff & Co's resources will be "redeployed" as part of a scheme by the Labour adminstration to create a Cardiff Business Council and an 'enterprise zone'.
No timeline has been announced for the rollout of the new organisation, but reports claim that an umbrella organisation is hoped to be in place by April 2013. Its role will be to act as the interface between the Council and the county’s business community to grow private sector business.
The new Business Council was proposed as a reaction to the "confusing" setup that currently exists in marketing Cardiff as a business destination.
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