New Anglia Local Enterprise Partnership
Board Decision Log 2018-2019: Public
Date
Decision
Decision Made
Making
Body*
27/11/19
LEP Board
The Board made the following decisions:
Enterprise Adviser Network and Careers Hub
• To agree an allocation of £155k in the LEP budget for 2020/21 to enable a one-year extension of the Enterprise Adviser Network and Careers
Hub
• To agree to the drafting and submission of an ESF bid by the LEP and partners to enhance the EAN and Careers Hub
• To agree an allocation in principle of up to £220k for 2021/22 and up to £225k for 2022/23 in match funding towards the ESF bid
The LEP’s role in enabling infrastructure for growth
• To task the LEP’s sub boards and working groups responsible for infrastructure with considering how the clean growth agenda might be
achieved
• To receive a document for submission to the new Government detailing infrastructure priorities
ESIF Strategy
To note the amendments to the European Investment Strategy Update November 2019 and endorse its adoption by the ESIF Committee
AOB
•
For the LEP to attend MIPIM in Cannes to exhibit under the Norfolk & Suffolk Unlimited brand at a cost of £25k.
06/11/2019
Growing
The Panel approved the following application:
Business
• LiMAR Oil Tools (UK) Limited - Agreed to support
Fund Panel
Approved Grant: £70,690
• Plastech Industries Limited t/a Plastech Additive Manufacturing - Agreed to support
Approved Grant - £56,500
25/9/19
LEP Board
The Board made the following decisions:
Local Industrial Strategy
To endorse and sign off the Norfolk and Suffolk Local Industrial Strategy subject to the amendments agreed at the meeting.
Apprenticeships Levy Transfer Pool
To approve the business plan and to endorse a further £60,000 of funds to allow support to continue for an additional year
Innovative Projects Fund
• To approve the establishment of the £1.5m Innovative Projects Fund jointly with local authorities from Norfolk and Suffolk
• To approve the new governance arrangement including the Terms of Reference
• To approve the launch of a 2019/20 Innovative Projects Fund Call in October 2019
Working Agreement with the Cambridge and Peterborough Combined Authority
To approve the agreement subject to the above amendments
10/9/19
Investment
The IAC made the following decisions:
Appraisal
Innovative Projects Fund Proposal
Committee
To approve the proposal recommending the fund and the call to the LEP Board. To approve the Terms of Reference.
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
7/8/19
Growing
The Panel approved the following applications:
Business
• William Morfoot Limited - Agreed to support
Fund Panel
Approved Grant: £50,000
• Timber Frame Management Limited - Agreed to support
Approved Grant: £35,662
23/7/19
LEP Board
The Board made the following decisions:
Skills Delivery Board
To approve the transition from a Skills Board to a Skills Advisory Panel as required by Government and to continue to endorse its activities
Climate Change Adaption and Carbon Reduction Action Plan
To support the development of an action plan to tackle some of the key findings of the report
Draft Annual Financial Statements
To approve the annual financial statements and audit management letter for signing by the Chair
Apprenticeships Levy Transfer Pool
To approve the £60,000 budget to develop a cost-effective model to support the transfer of apprenticeship levy to SMEs in partnership with
colleagues from Norfolk and Suffolk County Councils
Growing Business Fund: Large Company Grant Programme
To approve the introduction of a GBF Large Company Grant programme
23/7/19
Investment
The IAC made the following decisions:
Appraisal
Growing Places Fund Large Company Grant Request (Confidential)
Committee
To approve a grant of £379,318 subject to approval of the capital grant programme by the board, provision of a suitable State Aid statement by
the applicant and evidence of confirmation by the parent company that the company would remain in Norwich.
3/7/19
Growing
The Panel approved the following applications:
Business
• Creative Displays Limited - Agreed to support
Fund Panel
Approved Grant: £40,000 - awarded under de minimus
• Bendart Limited - Agreed to support
Approved Grant: £42,500
• Hugh Crane Cleaning Equipment - Agreed to support
Approved Grant: £56,369
• Anglian Indoor Karting Ltd - Agreed to support
Approved grant: £40,000
• Stephen Walters and Sons Limited - agreed to support
Approved grant: £118,049 - awarded under de minimus
25/6/19
LEP Board
The Board made the following decisions:
Capital Growth Programme - Institute of Productivity
To approve the award of Capital Growth Programme grant funding of £4.461m to the Institute of Productivity
MIPIM Update Report and Proposal for 2019
To approve the proposal including spend of £28,788, the covering approach, format and costings for MIPIM UK 2019
Innovation Board Chair Appointment
To approve Johnathan Reynolds as Chair of the Innovation Board
LEP Operating and HR Policy Updates
To approve the Modern Slavery and Human Trafficking Statement and the Equal Opportunities and Diversity Policy and Statement
25/6/19
Investment
The IAC made the following decisions:
Appraisal
Large Company Grant Programme
Committee
To recommend the Programme to the LEP Board
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
23/5/19
LEP Board
The Board made the following decisions:
Enterprise Zone Accelerator Fund Proposal - Confidential
LEP Capital Budget 2019/20
• To approve the capital budget for the 19/20 financial year
• To approve the allocation of £1m to New Anglia Capital
South East Energy Hub
• To delegate authority to Chris Starkie New Anglia LEP CEO to sign the Accountable Body agreement for the Greater South East Energy
Hub on behalf of the LEP
• To delegate authority to Lisa Roberts, Head of Strategy, to represent and make decisions for the LEP on the Greater South East Hub
Board and to Ellen Goodwin, Infrastructure Manager as Deputy, to operate subject to and within the guidelines and parameters laid down
by the LEP Board.
23/5/19
Investment
The IAC made the following decisions:
Appraisal
Croxton Road Cycle Link
Committee
To reallocate £450k from the existing transport scheme towards the delivery of a cycle link within the area
UEA Enterprise Fund Output Metrics
To approve the metrics for the project
01/05/19
Growing
The Panel approved the following applications:
Business
• Portable Space Limited - agreed to support
Fund Panel
Approved Grant - £78,378
• Goldwell Manufacturing Services Limited - agreed to support
Approved grant - £40,000
• Belle Coachworks Limited - agreed to support
Approved grant - £36,000
• HBD Europe Limited - agreed to support
Approved Grant - £52,388
03/04/19
Growing
The Panel approved the following applications:
Business
• Anglian Plant Limited - agreed to support with conditions
Fund Panel
Approved grant - £170,000
27/03/19
LEP Board
The Board Made the following decisions:
Delivery Plan
To approve the Delivery Plan and delegate the authority to the LEP Chief Executive to make minor amendments as required before publication
2019/2020 Budget
To approve the operating budget for 2019/20
To approve the proposal on financial reporting
Capital Growth Programme Call
To approve the funding to the following projects:
•
£440k to Norfolk and Suffolk County Councils- Norfolk & Suffolk Innovation Network
•
£6.497m to the University of Suffolk- Digital Skills & Innovation Accelerator
•
£1.6m to Suffolk New College- Digital & Technology Skills Hub
•
£6.098m to City College Norwich- Digital Technology Factory
•
To provide an offer of £4.461m to the University of East Anglia’s Institute of Productivity with the condition that the proposal is put back
before the Board for final approval following the completion of further investigation
• To approve the Growing Places Fund grant of £200,000 to the National Trust, Releasing the Sutton Hoo Story
Local Assurance Framework
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
To adopt the 2019 Local Assurance Framework
To adopt the updated Scheme of Delegation
To adopt the updated Accountable Body Agreement
European Structural and Investment Funds Strategy
To approve the contents of the European Investment Strategy Update and recommended its adoption to the New Anglia ESIF Committee
Amendments to the Articles of Association
To approve the following documents
• The Articles of Association of New Anglia Local Enterprise Partnership Limited, amended to reflect the agreed changes to the LEP Board as
a result of the LEP Review
• The written resolution to be sent to the LEP’s members to approve the adoption of the new articles
• The class consents for each of the three classes of members, consenting to the variation of their class rights through the adoption of the new
Articles of Association
• The letter to the company’s auditors informing them of the proposed written resolution
• To retain the clause in the Articles of Association not permitting alternate directors
• To permit directors to appoint an observer at directors’ meetings who will have no voting rights or form part of the quorum
• Not to allow substitutes at Committee level
• To amend the Articles of Association to confirm the term of appointment of the Chair as three years
Chief Executive’s Report
To confirm the appointment of Martin Williams to the IAC
To agree to the formation of a Local Industrial Strategy Independent Expert Panel
Growth Deal Project Change Request
To reallocate £415k from the NATS A11 Corridor Package to the NATS City centre Package
27/03/19
Investment
The IAC made the following decisions:
Appraisal
Innovative Projects Call Paper - Confidential
Committee
To award Innovative Projects funding to the following projects:
• Norfolk County Council - Building Supply Chains Capacity - £22,000
• Visit East Anglia - Growing the Year-Round Economy - £110,000
• Catapult - ORE Offshore Renewable Energy £50,000
To approve that the Innovative Projects Fund becomes an annual rolling programme, with a minimum allocation of £500k each for the 2019
and 2020 calls
GD Funding for Attleborough Virement
The meeting approved the reallocation of £275,000 within the Attleborough Transport package as per the meeting paper.
06/03/19
Growing
The Panel approved the following applications:
Business
• Kiezenbrink UK Limited - agreed to support
Fund Panel
Approved grant - £26,255 awarded under de minimus
• Precision Refrigeration Limited- agreed to support
Grant approved - £34,154 awarded under de minimus
• JSM Home Improvements - agreed to support
Approved Grant - £54,700
06/03/19
Remuneratio
The Remuneration Committee agreed a salary increase for the Chief Executive in line with the market.
n Committee
06/03/19
Investment
The IAC made the following decisions:
Appraisal
Capital Growth Programme Call - Confidential
Committee
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
Changes to Norwich Area Transport Strategy Funding
To recommend to the LEP Board that the transfer of £415k from NATS A11 Corridor to NATS City Centre package should be approved.
To approve the reallocation of Growth Deal funding within the NATS A11 Corridor Package;
a) utilising a £395,000 underspend from the A11 Daniels Road Junction Improvement and Scheme Development toward the Wymondham to
Hethersett Cycle Link.
b) a further £100,000 from the A11 Daniels Road Junction for an extension to the Wymondham to Hethersett Cycle link, part of a bid toward
the Transforming Cities Fund.
27/02/19
LEP Board
The Board Made the following decisions:
Place Branding
To approve the umbrella brand as presented
To approve the timeline and implementation plan
Local Industrial Strategy
To approve the allocation of £55,000 to secure external support for the development of the LIS
Norfolk and Suffolk All Energy Industry Council
To support the establishment of the Norfolk and Suffolk All Energy Industry Council
Private Sector Board Appointments
To the appointment of Claire Cullens and Peter Joyner as private sector board members
06/02/19
Growing
The Panel approved the following applications:
Business
• Weco Engineering Limited
Fund Panel
Approved Grant: £37,344 with conditions
• Euro Workspace Limited
Approved Grant: £60,000
• HW Webb Limited - Agreed to support
Approved Grant: £29,700
• Silverline Office Equipment Limited - Agreed to support
Approved Grant: £70,000 - awarded under De Minimus
• Lifeline 24 Limited - Agreed to support
Approved Grant - £106,000
• Events Under Canvas Limited - Agreed to support
Approved Grant: £30,482
• Drurys Environmental Services Limited - Agreed to support
Approved Grant: £44,000 - awarded under De Minimus
• Omega Ingredients Limited - Agreed to support
Approved Grant Increase: £10,000
• Dorplan Contracts Limited - Agreed to support
Approved Grant Increase: £226,926
30/01/19
LEP Board
The Board Made the following decisions:
Aims and Objectives
To agree with the approach and the continued focus on the delivery of the Economic Strategy
New Anglia LEP Diversity Champion
To endorse the appointment of David Ellesmere as Diversity Champion
Election of Deputy Chair
To appoint Lindsey Rix as Deputy Chair of the Board
Amendments to Committee Terms of Reference
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
To agree the proposed changes to the Articles of Association subject to confirmation in writing that they had the authority to do so.
To agree to the two proposed changes to the IAC Terms of Reference.
To agree to the proposed change to the Audit and Risk Committee Terms of Reference.
To nominate Dominic Keen to the NAC Board
Chief Executive’s Report
To set a deadline of March 31st for continued participation in the Eastern Agritech programme. If funds are not released by March 31st by
Government, the £1m allocated will be deallocated and a fresh proposal for its use brought to the board.
30/01/19
Investment
The IAC made the following decisions:
Appraisal
VCSE Challenge Fund
Committee
To commit £500k grant funding from the Growing Places Fund for the VCSE Challenge Fund, allowing a challenge fund of £250k per year.
That two LEP Board members should to sit on the VCSE appraisal panel
05/12/18
Growing
The Panel approved the following applications:
Business
• Spectra Packaging Limited - Agreed to support
Fund Panel
Approved Grant: £74,486 under De Minimis
• Stephen Walters & Sons Limited - Agreed to support
Approved Grant: £118,049 under De Minimis
21/11/18
LEP Board
The Board Made the following decisions:
Tier 2 Review
To accept the recommendations as detailed above.
To receive a future paper from both the Innovation Board and the International and Inward Investment Sub-Group following the review their
own TORs
To require LEP sector groups to develop common Terms of Reference focusing on the leadership and promotion of the sector
That sector groups need their own governance distinct from membership bodies
To receive regular reports from all Sector groups
LEP Board Governance
To adopt the process for the appointment of the deputy chair
Enterprise Zone Accelerator Project - Confidential
November Programme Performance Reports
To receive clarification on the Dashboard outputs and RAG status. Once received approve the submission of the Government Dashboard
To add commentary on future reports
Finance Report
To receive further detail on the receipt of loan repayments and interest receipts
21/11/18
Investment
The IAC made the following decisions:
Appraisal
Hawk and Owl Trust Growing Places Fund grant request- Confidential
Committee
Southwold Hospital Growing Places Fund grant request- Confidential
Alchemie Growing Places Fund loan request- Confidential
13/11/18
Investment
The IAC made the following decisions:
Appraisal
Nar Ouse Enterprise Zone Investment - Confidential
Committee
MSF Growing Places Fund request - Confidential
07/11/18
Growing
The Panel approved the following applications:
Business
Condimentum Limited - Agreed to support
Fund Panel
Approved Grant: £391,350
Optima Stainless Limited (considered and approved by email in October)
Agreed to support
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
Approved Grant: £265,300 amended to £264,900
Fourteen full-time jobs to be created.
18/10/18
LEP Board
The Board Made the following decisions:
LEP Review
To maintain its existing approach to the recruitment of its chair.
To appoint a deputy chair by February 28th 2019.
To amend the LEP’s articles of association to class education members as private sector.
To amend the LEP’s articles of association to increase the number of private sector board members to 12.
To amend the articles of association to allow education sector board members to send deputies to board meetings
To work towards increasing the female representation amongst private sector board members
Capital Growth Programme Call
To approve the launch of a focused call on Skills, Innovation and Productivity, to allocate the remaining £19m of the Capital Growth Programme
Innovative Projects Call
To approve the specification and launch of a call for innovative growth projects to be supported through EZ Pot C income
To approve the eligibility framework
Eastern Agritech Report
To approve the continuation of the programme in partnership with the Cambridge and Peterborough Combined Authority, providing a financial
contribution of £1m towards the programme in 2018/19 under the terms laid out in the report
18/10/18
Investment
The IAC made the following decisions:
Appraisal
Albert Bartlett Growing Business Fund Grant Request - Confidential
Committee
MSF Growing Places Fund bridging loan request - Confidential
Nar Ouse Enterprise Zone Investment - Confidential
19/09/18
LEP Board
The Board Made the following decisions:
Economic Strategy Delivery Plan
To adopt the concept of developing Game Changers.
That the ESDCB should also coordinate development of the Local Industrial Strategy
Local Industrial Strategy
To agree the approach to developing the Local Industrial Strategy
LEP Review
To agree the LEP submission on geography
Programme Performance Reporting
To approve the reporting cycle with the inclusion of NAC
To approve the reporting template
September Programme Performance Reports
To approve the Growth Deal Quarterly Dashboard
19/09/18
Investment
The IAC made the following decisions:
Appraisal
Capital Growth Programme Autumn Call
Committee
To recommend to the LEP Board that the recommendations in the paper should be supported and the call launched after the October LEP
board meeting
Revenue Budget Framework
To recommend to the LEP Board that the recommendations in the revenue paper should be supported and the call launched after the October
LEP board meeting
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
06/09/18
Investment
The IAC made the following decisions:
Appraisal
Rouen House Grant Variation - Confidential
Committee
05/09/18
Growing
The Panel approved the following applications:
Business
• Zedbox UK Limited - Agreed to support
Fund Panel
Approved Grant: £120,000
• Westover Vets Limited - Agreed to support
Approved Grant: £126,000
The Panel ratified the following applications:
• DB Sheetmetals Limited (considered and approved by email in August) - Agreed to support
Approved Grant: £60,000
• TML Precision Engineering Limited - Update report
Approved to continue to support - Revised Grant: £95,294
01/08/18
Growing
The Panel approved the following applications:
Business
• Mirus Aircraft Seating Limited - Agreed to support
Fund Panel
Approved Grant: £140,000
• Vanilla Electronics Limited - Agreed to support
Approved Grant: £39,994
• TBI Manufacturing Limited - Agreed to support
Approved Grant: £69,500
30/07/18
LEP Board
By written procedures the Board made following decision:
Financial Statements 31st March 2018
To approve the 2017/2018 accounts as detailed in the following papers:
• draft accounts paper
• audit completion document - Confidential
• draft annual financial statements year ended 31 March 2018- Confidential
05/07/18
LEP Board
By written procedures the Board made following decision:
Capital Growth Programme Honingham Thorpe Food Enterprise Park
To approve a grant of £1m with the following conditions:
• Confirmation of the signature of the contract between Unilever and Condimentum.
• Planning Permission secured for the Condimentum site on the Food Enterprise Park.
• A suitable State Aid mechanism prepared to cover wash-through, clawback and repayment of the grant, to be incorporated into the legal
agreement.
• All terms and conditions to be agreed by the applicant.
04/07/18
Growing
The Panel approved the following applications:
Business
• LDH (La Doria) Limited - Agreed to support
Fund Panel
Approved Grant: £500,000
• Glowcroft Limited - Agreed to support
Approved Grant: £38,742
• Pecksniffs Bespoke Fragrances & Cosmetics Limited - Agreed to support
Approved Grant: £202,500
• Gnaw Chocolate Limited - Agreed to support
Approved Grant: £25,330
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
• Ponders End Investments PLC - Agreed to support
Approved Grant: £179,239 - de-minimis award.
• Netmatters Limited - Agreed to support
Approved Grant: £37,500
• BCMZ Precision Engineering Limited - Agreed to support.
Approved Grant: £74,500
28/06/18
Audit & Risk
The Committee made the following decisions:
Committee
Terms of Reference
To confirm the Terms of Reference
Financial Statements - Confidential
For the agreed amendments to be made to the Accounts
For further investigations to be carried out into the audit requirements of NAC
To receive details of the running costs of NAC as detailed in Board papers.
To request that NAC add the question of management of surplus from investments be added to their next agenda for discussion
Corporate Risk
To approve the Risk Management Process and the risk register
To receive details of new or existing risks should their score reach 9 or above
To review the full risk register at each meeting.
Review of Auditors
To start the process of inviting companies to tender for the role as auditor
25/06/18
Investment
The IAC made the following decisions:
Appraisal
Capital Growth Programme Honingham Thorpe Food Enterprise Park
Committee
For CD to recommend to the board the approval of grant of £1m via written procedures with the following conditions:
• Confirmation of the signature of the contract between Unilever and Condimentum.
• Planning Permission secured for the Condimentum site on the Food Enterprise Park.
• A suitable State Aid mechanism prepared to cover wash-through, clawback and repayment of the grant, to be incorporated into the legal
agreement.
• All terms and conditions to be agreed by the applicant.
20/06/18
LEP Board
The Board Made the following decisions:
Place Branding
To agree funding of £50,000 for the first stage of brand development
To agree the timeline of activity.
Inward Investment
To endorse the approach and development of the Inward Investment and International Strategic Framework set out in the paper
To support the launch and activity of the Invest East ERDF business support / inward investment project
To approve the investigation of a suitable inward investment agency delivery model
To consult with the county councils on a pilot project to advance relations with Guangdong province in China
Skills
To endorse the Skills Board vision and delivery steps
To champion the ‘key messages’ of the Skills Board.
Enterprise Adviser Network
To approve further 12 months funding for the EAN at a value of £135,000
To endorse the development of the Careers Hub and the integration of its management with the EAN
Local Energy Strategy
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
To endorse the Local Energy Strategy
To agree the next steps regarding the Strategy’s Delivery Plan
Capital Growth Programme - Honingham Thorpe Food Enterprise Park
For the executive team to develop a supplementary paper for the IAC to review
For the recommendation from the IAC to then be considered by the full board by written procedures
Revenues Funding Framework
To approve the allocation of £135,000 set aside in Pot C for core LEP costs to fund the Enterprise Adviser Network for 18/19
To approve the allocation of £100,000 from Pot C towards the LEP projects budget for 18/19
To approve the allocation of £500,000 from Pot C towards the call for innovative projects from external partners which will help deliver the
Economic Strategy
Growth Deal Quarterly Dashboard
To endorse the dashboard
Finance Report
To receive the Annual Statements via email for approval following the recommendation of the Audit and Risk Committee.
20/06/18
Investment
The IAC made the following decisions:
Appraisal
Capital Growth Programme Honingham Thorpe Food Enterprise Park
Committee
For CD to present a summary of the discussion to the LEP board on 20/06/18 for further discussion on how the LEP can support the project
through a deliverable solution.
To hold a conference call as required following the Board Meeting.
06/06/18
Growing
The Panel approved the following applications:
Business
• Omega Ingredients Limited - Agreed to support
Fund Panel
Condition applied: £40,000
• Advance Engineering (UK) Limited - Agreed to support
Approved Grant: £98,600
23/05/18
LEP Board
The Board Made the following decisions:
Integrated Transport Strategy
To adopt the Integrated Transport Strategy and support the next steps in the strategy
Enterprise Zones
To endorse the approach to inward investment and forward plan.
West Suffolk College Engineering Centre 2nd Phase
To approve the release of £3m to fund the 2nd Phase of the West Suffolk College Engineering Centre
Capital Growth Programme Projects
To approve the award of Capital Grant Programme grant funding to the following projects:
• A140 Hempnall Roundabout - £650,770
• Eye Airfield Link Road - £1.46m
• Great Yarmouth Flood Defences - £8.2m
• Snape Maltings Flood Defences - £125k
• To reject those projects as recommended with the exception of The Hold - Suffolk Archives Services
• To endorse the decision of the IAC to award The Hold, Suffolk Archives Services, a £250,000 Growing Places Fund Grant.
To award Growing Places Fund Grants to the following projects:
• Gainsborough House National Centre - £250k
• Norwich Castle ‘Gateway to Medieval England’ - £500k (subject to the award of Heritage Lottery Funding
Speculative Development
To approve adoption of the framework for speculative development.
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
Growing Places Fund - Atex Park Loan
To approve a recommendation made by the IAC to offer of a £630,000 loan to the applicant towards the development of commercial space on
Atex Park.
PwC Report - Review of Implementation
For Vice-Chairs to be appointed for each of the main LEP Bodies.
Chief Executive’s Report
To appoint Nick Banks as Chair of the Audit and Risk Committee
23/05/18
Investment
The IAC made the decision to present the following items to the LEP Board Meeting on 23rd May for approval:
Appraisal
Capital Growth Programme
Committee
The A140 Hempnall Road - £650,770
The Eye Airfield Link Road - £1,460,000
The Great Yarmouth Flood Defences - £8,200,000
The Snape Maltings Flood Defences - £125,000
Growing Places Fund
The Gainsborough’s House National Centre - £250,000
The Norwich Castle `Gateway to Medieval England` - £500,000 (subject to receipt of HLF Funding)
The Hold - Suffolk Archives Services - £250,000
The IAC also agreed to present the committee recommendation at the LEP board meeting on the 23rd May 2018 for the Projects recommended
for rejection are rejected with the exception of The Hold- Suffolk Archives Services
Speculative Development Paper
The IAC agreed to present the committee recommendation at the LEP board on 23rd May 2018 for the Speculative Development document to
form part of the decision making process when assessing speculative development loans.
Atex Developments
To present the committee recommendation at the LEP board on 23rd May 2018 for a loan of £630,000 to Atex Developments
02/05/18
Growing
The Panel approved the following applications:
Business
• Warren Services Limited - Agreed to Support
Fund Panel
Approved Grant: £32,000
• Food Forensics Limited - Agreed to Support
Approved Grant: £36,980
• Renvale Limited - Agreed to Support
Approved Grant: £184,552
18/04/18
LEP Board
The Board made the following decisions:
LEP Capital Budget 2018/ 19
To approve the 2018/19 capital budget
To approve the allocation of £1m from the GPF fund budget to New Anglia Capital.
To approve the allocation of £1m to Agritech subject to the production and approval of a business plan
Review of Professional Advisers
To approve the development of a supplier procurement framework
To carry out a retendering process for the audit
Decision Log
To approve adoption of the decisions log
Growth Deal Quarterly Dashboard
To agree the Quarterly Dashboard.
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
18/04/18
Investment
The IAC made the following decisions:
Appraisal
West Suffolk College Engineering and Technology Centre
Committee
It was agreed that the proposal would be presented at the LEP board meeting on the 23rd May 2018 for the release of the remaining £3m to
West Suffolk College Engineering and Technology Centre
Any Other Business
Cash Deposits - It was agreed that funding would be deposited until drawn down by the approved projects
11/04/18
Remuneratio
The Committee made the following decisions:
n Committee
360-degree feedback
The committee agreed that this would be used initially with the CEO in August 2018.
04/04/18
Growing
The Panel approved the following applications:
Business
• Computer Service Centre Ltd - Agreed to support
Fund Panel
Approved Grant: £265,800
• Panel Graphics Ltd (2) - Agreed to support
Approved Grant: £64,414
• Broadway Colours Ltd - Agreed to support
Approved Grant: £40,000
* New Anglia Local Enterprise Partnership Board, Investment Appraisal Committee, Growing Business Fund Panel, Remuneration Committee, Audit & Risk Committee
