More than three million pounds of public money could go towards the proposed business improvement district for Plymouth's waterfront.

The city council's cabinet will discuss match funding the BID this afternoon.

The idea is that local firms would pay a levy for a greater say on how the area is run, but that the local authority would then provide the majority of the funding, staff and office space to make it work.

It means that while more than a million pounds would come from the businesses, the rest of the six million pound five year budget has to be found elsewhere.

Plans to boost tourism in the city will also go before the cabinet today. Deputy leader Ted Fry says it's all about economic development.

The cabinet will also be updated on the local authority's financial situation.

A provisional budget will be set next month for the next financial year before it's finalised in February.

The city council has to save eight million pounds over the next year and more than a thousand people responded to a consultation on how to do this.

Likewise around ten million pounds still has to be recovered from the Icelandic Banks.