New Anglia Investment Appraisal Committee
Meeting Minutes (Confirmed)
24th February 2021
Present:
Committee Members
David Ellesmere (DE)
Ipswich Borough Council
Andrew Proctor (AP)
Norfolk County Council
Dominic Keen (DK)
High Growth Robotics
Sandy Ruddock (SR)
Scarlett & Mustard
Kathy Atkinson (KA)
Kettle Foods
Alan Waters (AW)
Norwich City Council
Tim Whitley (TW)
BT
Martin Williams (MW)
Independent IAC Member
In Attendance
Rosanne Wijnberg (RW)
New Anglia LEP
Chris Dashper (CD)
New Anglia LEP
Helen Wilton (HW)
New Anglia LEP
Melanie Richardson (MR)
New Anglia LEP
Iain Dunnett (ID)
New Anglia LEP
ACTIONS
ACTION: A letter will be sent from the IAC to NCC advising that projects must be formally agreed before
being submitted for consideration. (RW & DE)
1
Welcome from the Chair
David Ellesmere (DE) welcomed everyone to the meeting.
2
Apologies
Apologies were received from Dominic Keen.
3
Declarations of Interest
Andrew Proctor (AP) declared an interest in Item 8. It was agreed that this would be addressed last on
the agenda.
4
Minutes of previous meetings
The minutes of the last meeting was agreed as accurate.
5
Horizon Paper and GPF repayments - Confidential
Iain Dunnett (ID) confirmed that key information was covered within the PPRs.
The Committee agreed:
To note the content of the reports
6
Growing Places Fund Programme Performance Report
ID advised that grants have moved from a red to an amber rating as grant agreements have been drawn
up for Thurne and Lotus. Loan agreements has moved to red as the Winerack terms are renegotiated.
The project pipeline remains healthy.
The Committee agreed:
To note the content of the report
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Growing Business Fund Programme Performance Report and SGS/GTI and Visitor
7
Economy/Wider Economy grant award appendices
CD advised that the additional £1m agreed for the GBF at the January board was not yet included in the
report. Performance of the fund continues to outstrip supply with more projects going to the panel in
March. Further funding will be requested in the future.
All WEG money has been committed with a small amount remaining for the VEG. The end date for
payment has been extended to the end of March.
£50k remains for the SGS and work is ongoing to press for future funding from Government.
The Committee agreed:
To note the content of the report
8
Growing Places Fund - Loan Application Update - Confidential
9
Growing Places Fund - Loan Update - Confidential
10
Suffolk Inclusive Growth Fund - Round 2 project call
CD advised that the second round of the call does not tie in with the IAC timetable therefore the March
IAC has been moved to 17th March where up to five projects will be presented for consideration.
11
AOB
None
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