New Anglia Investment Appraisal Committee
Meeting Minutes (Unconfirmed)
30 January 2019, Ipswich Waterfront Innovation
Centre
Present:
Committee Members
Lindsey Rix (LR)
Aviva
Dominic Keen (DK)
High Growth Robotics
Cllr David Ellesmere (DE)
Ipswich Borough Council
Alan Waters (AW)
Norwich City Council
In Attendance
Rosanne Wijnberg (RW)
New Anglia LEP
Chris Dashper (CD)
New Anglia LEP
Iain Dunnett
New Anglia LEP
1
Welcome from the Chair
Lindsey Rix (LR) welcomed everyone to the meeting.
2
Apologies
Apologies were received from Tim Whitley, Sandy Ruddock and John Griffiths.
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 meetings held on 13 November 2018 (telephone) and
21 November 2018 were a true account of the meetings held.
Matters arising from previous meeting: None
Reporting- Growing Places Fund
Growing Places Fund Performance Report
The quarterly Growing Places Fund performance report was presented to the committee. The
report was accepted as presented, with the following comments:
AW: Could the report include the type and value of jobs created and the numbers of affordable
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houses built.
DE: Mapping of the delivery, showing the location of outputs across the region would be of benefit
to determining the impact of the programme.
Growing Places Fund RAG Rating (Confidential)
6
The committee was presented with an updated RAG rating report on the GPF programme.
Growing Places Fund Horizon Paper (Confidential)
The committee was presented with an updated Horizon report on current and potential investments
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including forecast loan repayments and a further report on current and potential grants.
Growing Places Fund Historical projects (Confidential)
An updated list of all projects supported to date was presented to the committee.
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Reporting - Growing Business Fund
Growing Business Fund Performance Report
The Growing Business Fund monthly programme performance report was presented.
9
Growing Business Fund and Small Grant Scheme - approvals
The committee was presented with a complete list of the grant approvals for both the Growing
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Business Fund and the Small Grant Scheme awarded during the 2018/19 financial year.
Items for discussion
VCSE Challenge Fund
ID presented a paper requesting a further 2 years of funding for the successful VCSE challenge
fund. It was noted that changes to the programme included a requirement for match funding by the
projects this time.
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The IAC agreed to a further commitment of £500k grant funding from the Growing Places
Fund for the VCSE Challenge Fund, allowing a challenge fund of £250k per year. The IAC
also agreed that two LEP Board members are requested to sit on the VCSE appraisal panel.
Other
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Any Other Business
None
Date and time of next meeting: Wednesday 27 February 2018. 9am-9:45am
Venue: Norwich University of the Arts, St Andrews St, Norwich NR2 4AE
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