New Anglia Board Meeting

20^th May 2020

Key Points

LEP Response to COVID-19

The Board received a report updating them on the work being carried out by the LEP to support

businesses during the current crisis.

It was confirmed that applications to the Resilience and Recovery Scheme had been received with

the first application processed and funds paid out within 10 days. 3 grants have now been made with

25-30 further applications in various stages.

The vacancies page on the LEP website has proved successful with 2000 views in the first week in

May. Work is ongoing to improve the functionality of the pages.

The PPE database has 300 suppliers registered of which just under 50% are local companies and

around 190 users from the healthcare sector. In the next phase it will be opened up to businesses to

provide access to products assisting them in getting employees back into the workplace.

Restart and Rebuild - Covid-19 Economic Recovery Plan

The Board received details of the proposed approach to building a plan for the economic recovery of

Norfolk and Suffolk. The plan will be drawn up and managed in collaboration with local partners and

will start with a 12 month tactical Restart plan providing practical support to businesses which will be

followed by a 3-5 year strategic Rebuild plan.

The timeline for producing the Restart plan is aggressive with a consultation taking place over the

next few weeks with the aim of signing it off at the June board meeting.

The Board agreed:

• To endorse the proposed approach to building an Economic Recovery Plan.

Growing Places Fund - Food Innovation Centre Investment - Confidential

LEP Capital Budget 20/21- Confidential

The Board received the 2020/21 capital budget for approval.

The Board agreed:

• To approve the 20/21 capital budget

Investment Appraisal Committee Chair, Vice Chair and Membership

The nominations of David Ellesmere and Dominic Keen for the roles of Chair and Vice Chair of the

Investment Appraisal Committee were approved by the Board.

Nominations were requested from private sector board members for the current vacancy on the IAC.