New Anglia Investment Appraisal Committee
Meeting Minutes (Unconfirmed)
25th June 2019
Present:
Committee Members
Lindsey Rix (LR)
Aviva
Martin Williams (MW)
Santander
Alan Waters (AW)
Norwich City Council
Dominic Keen (DK)
High Growth Robotics
David Ellesmere (DE)
Ipswich Borough Council
In Attendance
Rosanne Wijnberg (RW)
New Anglia LEP
Chris Dashper (CD)
New Anglia LEP
Iain Dunnett (ID)
New Anglia LEP
ACTIONS
Update Large Company Capital grant programme before submission to LEP board for approval
CD
Revisit Banham application to address questions from IAC
ID
Continue to explore repayment options with MSF. Discuss further with DK
CD
1
Welcome from the Chair
David Ellesmere as Vice Chair welcomed everyone to the meeting. Lindsey Rix joined the meeting later.
2
Apologies
Tim Whitley and Sandy Ruddock
3
Declarations of Interest
None
4
Minutes of previous meeting (5 June 2019)
The minutes of the previous meeting were approved by the committe.
5
Growing Places Fund Horizon Paper (Confidential)
Iain Dunnett (ID) reviewed the GPF Horizon Paper.
AP: Who should potential applicants to the VCSE call contact? All enquires can go to the Norfolk and
Suffolk Community Foundations
6
Growing Business Fund Programme Performance Report (Confidential)
6.1
Growing Business Fund RAG rating
6.2
Small Grants Scheme Approvals
The monthly GBF report and accompanying appendices were reviewed by the Committee. The report for
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the July meeting of the Committee would incorporate the revised budget as agreed in the LEP Capital
Budget.
7
Growing Places Fund Loan Criteria (Confidential)
The Committee were presented with a paper reviewing the primary purpose of the Growing Places Fund
in relation to loans to housing developments
DE and AW: Aggregated output totals are fine, but can quality outputs be identified on areas such as
affordable and social housing.
8
Large Company Grant Programme (Confidential)
CD reviewed the paper on a new programme to enable support for large companies that would not
normally be able to apply for grant funding.
The programme is primarily designed to support companies where there is a threat of relocation outside
of the region or where there is significant innovation or R&D planned that would create growth and jobs.
AP: Should the programme have an annual budget rather than a one-off allocation
DE: Could the fund apply to projects that were moving into the region?
The Committee agreed to recommend the Large Company Grant Programme to the LEP Board for
approval, with the addition of the following:
Sufficient budget be made available to operate the fund in 20/21 as well as 19/20.
That the criteria incorporate inward investment options for companies looking to locate to the
region
9
Growing Places Fund: Loan update (Confidential)
10
GPF Grant Request (Confidential)
12
Any Other Business
None
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