New Anglia Investment Appraisal Committee
Meeting Minutes (Unconfirmed)
27 November 2019
Present:
Committee Members
Alan Waters (AW)
Norwich City Council
Sandy Ruddock (SR)
Scarlett and Mustard
David Ellesmere (DE)
Ipswich Borough Council
Andrew Proctor (AP)
Norfolk County Council
Dominic Keen (DK)
High Growth Robotics
Tim Whitley (TW)
BT
In Attendance
Rosanne Wijnberg (RW)
New Anglia LEP
Chris Dashper (CD)
New Anglia LEP
Iain Dunnett (ID)
New Anglia LEP
ACTIONS
Circulate date for additional IAC meeting in December to accommodate at least 2 further projects for
review by the committee: CD
1
Welcome from the Chair
David Ellesmere welcomed everyone to the meeting.
2
Apologies
Apologies were received from Lindsey Rix and Martin Williams
3
Declarations of Interest
None
4
Minutes of previous meeting (30 October 2019)
The minutes of the previous meeting were approved by the committee.
5
Growing Places Fund Horizon Paper (Confidential)
Iain Dunnett (ID) took the Horizon paper as read.
The Committee had no questions on the content.
An additional telephone meeting would be scheduled in December to accommodate at least 2 further
projects on the pipeline.
Action: Circulate date for additional IAC meeting in December to accommodate at least 2 further projects
for review by the committee: CD
6
Growing Business Fund Programme Performance Report
6.1
Growing Business Fund Project approvals
6.2
Small Grant Scheme project approvals
The monthly GBF report and accompanying appendices were reviewed by the Committee with no
questions.
Page 1 of 2
7
Growing Places Fund Loan: Confidential
Iain Dunnett presented an updated paper on the project.
Subject to confirmation of affordable housing/social rent figure and efforts to achieve parity of charge with
the bank then a repayable, interest bearing loan offer of £750k was confirmed by the committee.
8
Growing Places Fund Grant Request- Confidential
Iain Dunnett presented a paper on a request for funding towards capital costs.
The Committee agreed to support the request for a grant of £250k, subject to match funding. Grant to be
paid in arrears on evidence of expenditure.
9
Growing Places Fund Grant Request: Confidential
Chris Dashper presented a paper on a request for funding from GPF.
The Committee agreed to support the request for a grant of £100k, subject to the applicant securing the
match funding required to deliver the development phase of the project.
10
Growing Places Fund Grant Request: Confidential
Iain Dunnett presented a paper on a request for funding towards capital costs.
The IAC agreed to support the request for a grant of £50k, to be paid in arrears on evidence of
expenditure.
11
Lessons Learned discussion: Confidential
Chris Dashper provided a lesson’s learned paper on an investment project.
The Committee noted the contents of the report.
12
Any Other Business
None
Page 2 of 2