New Anglia Investment Appraisal Committee
Meeting Minutes (Unconfirmed)
18 October 2018, Sizewell Visitor Centre, Suffolk
Present:
Committee Members
Lindsey Rix (LR)
Aviva
Sandy Ruddock
Scarlet and Mustard
Dominic Keen (DK)
High Growth Robotics
Mark Bee
Waveney District Council
In Attendance
Doug Field
East of England Coop
Chris Starkie (CS)
New Anglia LEP
Rosanne Wijnberg (RW)
New Anglia LEP
Chris Dashper (CD)
New Anglia LEP
1
Welcome from the Chair
Lindsey Rix (LR) welcomed everyone to the meeting.
2
Apologies
Apologies were received from John Griffiths, Tim Whitley, David Ellesmere and Alan Waters. Mark Bee
attended the meeting as substitute for John Griffiths, agreed by the Chair.
3
Declarations of Interest
Full declarations of interest can be found at http://www.newanglia.co.uk/about-us/the-board/.
Declarations relevant to this meeting: None
4
Minutes of previous meeting
The committee agreed the minutes of the previous meeting were a true account of the meeting held on
19 September 2018.
Matters arising from previous meeting: Rouen House variation letter (agenda item 9)
5
Horizon Projects Table - Confidential
Rosanne Wijnberg (RW) explained the contents of the paper and there were no questions from
attendees.
Items for discussion
6
Growing Places Fund Programme Report: Confidential
Rosanne Wijnberg (RW) presented the programme report with RAG appendix. The
committee accepted the report. Next report will be presented at the February 2019
committee meeting.
7
Albert Bartlett Growing Business Fund Grant Request: Confidential
Chris Dashper (CD) provided an outline of the paper for the Investment Appraisal
AP: Confirm
Committee.
State Aid
mechanism
The committee agreed to support the award of up to £500k to Albert Bartlett for
before grant
their development proposal, under the GBF mechanism, subject to confirmation
confirmed
of a suitable State Aid mechanism being identified to allow the award of funding.
(CD).
8
Growing Places Fund bridging loan request: Confidential
AP: Additional
Chris Dashper (CD) provided an outline of the paper for the Investment Appraisal
meeting to be
Committee.
set up (telekit)
before
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The committee agreed to consider further information on the loan request at a
November
future meeting of the IAC, including the following points before confirming the
meeting (CD)
recommendation to be made to the LEP Board.
• Investment pack
• Due diligence
• Company valuation
•
3rd party review of request
9
Nar Ouse Enterprise Zone Investment: Confidential
Chris Starkie (CS) provided an outline of the paper for the Investment Appraisal
AP: Additional
Committee.
meeting to be
set up (telekit)
The committee agreed to consider further information at a future meeting of the
before
Investment Appraisal Committee before confirming the recommendation on the
November
investment to be made to the LEP Board.
meeting (CD)
10
Rouen House Variation Letter: Confidential
The committee reviewed a draft of the Rouen House variation letter and confirmed that
the letter was acceptable to send to NWES.
Other
5
Any Other Business
• None
Date and time of next meeting: Wednesday 21 November 2018. 9am-9:45am
Venue: Keystone Innovation Centre, Thetford, Norfolk
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