New Anglia LEP Investment Appraisal Committee
Wednesday 27 March 2019
9am to 9:45am
Birketts Solicitors, Providence House, 141-145 Princes Street
Ipswich IP1 1QJ
Agenda
No.
Item
1.
Welcome
2.
Apologies
3.
Declarations of Interest
4.
Minutes from previous meetings
Reporting: Growing Places Fund
5.
Growing Places Fund Horizon Paper (Confidential)
Reporting: Growing Business Fund
6.
Growing Business Fund Performance Report
7.
Growing Business Fund and Small Grant Scheme - approvals
Items for Approval
8.
Innovative Projects Call paper (Confidential)
9.
GD Funding for Attleborough virement
Items for discussion
10.
NRP Investment through EZAF (Confidential)
Other
11.
MSF Loan update (Confidential)
12.
Any Other Business
Date and time of next meeting: Wednesday 27 May 2019 9am-9:45am
Venue: TBC
1
Committee Members
Lindsey Rix
Aviva
Cllr David Ellesmere
Ipswich Borough Council
Alan Waters
Norwich City Council
Sandy Ruddock
Scarlett and Mustard
Dominic Keen
High Growth Robotics
Tim Whitley
BT
John Griffiths
St Edmundsbury Borough Council
Martin Williams
Independent (Santander)
Exec Members
Rosanne Wijnberg
New Anglia LEP
Chris Dashper
New Anglia LEP
Iain Dunnett
New Anglia LEP
Mike Dowdall
New Anglia LEP
Chris Starkie
New Anglia LEP
2
New Anglia Investment Appraisal Committee
Meeting Minutes (Unconfirmed)
28 January 2019, Telephone Meeting (rescheduled
from 24 January 2019)
Present:
Committee Members
Lindsey Rix (LR)
Aviva
Dominic Keen (DK)
High Growth Robotics
Cllr David Ellesmere (DE)
Ipswich Borough Council
Sandy Ruddock
Scarlet and Mustard
In Attendance
Rosanne Wijnberg (RW)
New Anglia LEP
Chris Dashper (CD)
New Anglia LEP
1
Welcome from the Chair
Lindsey Rix (LR) welcomed everyone to the meeting.
2
Apologies
Apologies were received from Tim Whitley, Alan Waters 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
No previous minutes.
Matters arising from previous meeting: None
Items for discussion
5
Bridging loan request - Confidential
(The meeting was rescheduled from the original date of 24 January 2018)
Page 1 of 2
3
Other
6
Any Other Business
None
Date and time of next meeting: Wednesday 30 January 2018. 9am-9:45am
Venue: IWIC, University of Suffolk, Ipswich
Page 2 of 2
4
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
5
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
Page 1 of 3
5
Growing Places Fund Horizon Paper (Confidential)
7
Growing Places Fund Historical projects (Confidential)
An updated list of all projects supported to date was presented to the committee.
8
Reporting - Growing Business Fund
Growing Business Fund Performance Report
The Growing Business Fund monthly programme performance report was presented.
CD explained that the programme has continued to perform above expectations and remains
popular with SME’s. The actual spend for the year has now exceeded the initial budget for the
programme by approximately £200k, with the potential to reach around £1m overspend by the end
9
of the current financial year. However, the overspend is positive in the context of the wider Growth
Deal spend for the year, since it helps to reduce the funding rollover carried forward from 2017/18.
The overspend in the programme itself can be managed by bringing forward funding from future
years of the Growth Deal.
Growing Business Fund and Small Grant Scheme - approvals
The committee was presented with a complete list of the grant approvals for both the Growing
Business Fund and the Small Grant Scheme awarded during the 2018/19 financial year.
10
DK: GBF is still producing a good range of applications for funding and should continue to be
supported to have funds available for applicants.
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. Comments on the proposal included:
DE: There should be an expectation that projects are able to deliver, if there is any suggestion that
projects cannot be delivered, funding should not be offered.
AW: Is there any link to national delivery bodies? ID: The project is targeted at a more local level,
national bodies don’t require our funding. AW: lots of funding is locked into national delivery
partners. At a local level, efforts to get people work ready would benefit from accessing more
funding. Could more qualitative data be supplied on the outputs and what the projects are
achieving. DE: Our programme is more what we wanted to support, a local initiative rather than a
11
national one.
DK: is there a focus on areas with structural issues? ID: Areas where there are known deprivation
issues have benefitted and would be expected to continue to benefit from the fund in the future.
LR: Met with Clare Cullens before Christmas. The LEP Board would benefit from the Norfolk and
Suffolk Community Foundations presenting at a future board meeting. Also, the project would
benefit from a few more KPI’s on the individual projects coming forward.
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
12
Any Other Business
None
Page 2 of 3
6
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
Page 3 of 3
7
New Anglia Investment Appraisal Committee
Meeting Minutes (Unconfirmed)
Weds 27th Feb 2019, NUA Norwich
Present:
Committee Members
Sandy Ruddock (SR)
Scarlett and Mustard
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
Jonathan Rudd (JR)
New Anglia LEP
Iain Dunnett (ID)
New Anglia LEP
Chris Starkie (CS)
New Anglia LEP
1
Welcome from the Chair
David Ellesmere (DE) assumed chairing role and welcomed everyone to the meeting.
2
Apologies
Apologies were received from Tim Whitley, Lindsey Rix, John Griffiths and Dominic Keen.
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: David Ellesmere and Alan Waters both outlined interest in Growth
bids coming from Norwich and Ipswich.
4
Minutes of previous meeting
The committee agreed the minutes of the previous meeting held on 30th January 2019 were a true
account of the meeting held. Minutes will be recirculated with the agenda for the March meeting.
Matters arising from previous meeting: None
Reporting- Growing Places Fund
Growing Places Fund Horizon Paper (Confidential)
The committee was presented with an updated Horizon report on current and potential investments
including forecast loan repayments and a further report on current and potential grants.
5
Two forthcoming loan applications were deemed not appropriate by the LEP Exec at the current
stage of development by these businesses.
Potentially two further applications may come to the March Committee meeting or a later meeting
subject to due diligence.
Reporting - Growing Business Fund
6
Growing Business Fund Performance Report - Noted
7
Growing Business Fund and Small Grant Scheme - approvals. Noted
Items for discussion
Capital Growth Programme project call paper (Confidential)
8
Page 1 of 2
9
Changes to Norwich Area Transport Strategy Funding
Re NATS scheme further quorate discussion needed on the virement of finances between elements
9
of the scheme. It was determined that the paper could be circulated for consideration through
written procedures.
Other
Any Other Business
10
Meeting reminder - request made for a meeting reminder to be sent out on the Monday before a
committee meeting occurs.
Date and time of next meeting: Wednesday 6 March 2019 10:30-11:30 teleconference
Date and time of next monthly IAC meeting: Wednesday 27 March 2019. 9am-9:45am
Venue: Birketts Solicitors, Providence House, 141-145 Princes St., Ipswich, IP1 1QJ
Page 2 of 2
10
New Anglia Investment Appraisal Committee
Meeting Minutes (Unconfirmed)
Weds 6th March 2019, Teleconference
Present:
Committee Members
Lindsey Rix (LR)
Avivia
Cllr David Ellesmere (DE)
Ipswich Borough Council
Alan Waters (AW)
Norwich City Council
Dominic Keen (DK)
High Growth Robotics
In Attendance
Rosanne Wijnberg (RW)
New Anglia LEP
Chris Dashper (CD)
New Anglia LEP
Jonathan Rudd (JR)
New Anglia LEP
1
Welcome from the Chair
Lindsey Rix (DE) 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: David Ellesmere and Alan Waters both outlined interest in Growth
bids coming from Norwich and Ipswich.
4
Minutes of previous meeting
The committee were provided with notes of the previous meeting held on 27 February 2019 which had
not been quorate.
Matters arising from previous meeting: None
Items for discussion
Capital Growth Programme project call paper (Confidential)
5
Page 1 of 3
11
Recommendation
The committee agreed to recommend support of the projects identified in the accompanying
paper to the LEP Board on 27 March 2019. Offers to be recommended as follows:
6
Changes to Norwich Area Transport Strategy Funding
Page 2 of 3
12
Jonathan Rudd presented a paper on the Growth Deal Norfolk County Council NATS scheme, to
transfer £415,000 from the NATS A11 Corridor Package (underspend on A11 Daniels Road
Junction) to the NATS City Centre Package to balance an overspend on the Dereham-Guardian
Road Junction and Roundhouse Way Transport Interchange. The paper also requested approval of
the reuse of £395k underspend from A11 Daniels Road to the Wymondham to Hethersett cycle link
and £100k from A11 Daniels Road to the extension to the Wymondham to Hethersett cycle link as
part of the Transforming Cities Fund.
Recommendation
The committee agreed to recommend to the LEP Board that the transfer of £415k from NATS
A11 Corridor to NATS City Centre package should be approved.
Approval
In addition, within its delegation from the LEP Board the committee agreed to approve the
reallocation of Growth Deal funding within the NATS A11 Corridor Package;
a. utilising a £395,000 underspend from the A11 Daniels Road Junction Improvement
and Scheme Development toward the Wymondham to Hethersett Cycle Link.
b. a further £100,000 from the A11 Daniels Road Junction for an extension to the
Wymondham to Hethersett Cycle link, part of a bid toward the Transforming Cities
Fund.
Other
Any Other Business
7
CD: Minutes for meetings held on 28 January 2019, 30 January 2019, 27 February 2019 and 6
March 2019 will be re-circulated with the agenda for the 27 March meeting.
Date and time of next monthly IAC meeting: Wednesday 27 March 2019. 9am-9:45am
Venue: Birketts Solicitors, Providence House, 141-145 Princes St., Ipswich, IP1 1QJ
Page 3 of 3
13
Agenda item 6: Growing Business Fund Performance Report
Programme Overview - What is the Growing Business Fund?
Launched in April 2013, the Growing Business Fund provides grants for businesses to enable growth, increased productivity and job creation
Capital grants between £25,000 and £500,000 are provided at up to 20% of project costs for SMEs and up to 30% for Small Businesses located in an Assisted Area
Funding for the Growing Business Fund is provided on an annual basis by the LEP's Growth Deal
The fund is accessed through the New Anglia Growth Hub with Due Diligence undertaken by Finance East
What is the overall Programme Status?
Finance
Green
All the funding for 2018/19 has been allocated with the fund on course to spend the full allocation
Outputs
Green
Based on applications approved to date, the fund will over perform against the targets set
Delivery
Green
A steady pipeline of high quality applications is coming through, ensuring the fund is performing well overall
What are our key updates?
Membership of the Approval Panel was widened at the end of 2018, to ensure the panel has the knowledge required to operate effectively
The pipeline of applications showed a slight decilin in Autum 2018, but this has now picked up, with a good number of high quality applications coming forward for support
The LEP has been working with Suffolk County Council and the Growth Hub to tweak the programme guidance, to enusre there is a greater focus on higher value applications
The GBF Grants Panel did not meet in January, therefore there have been no grant approvals since the last report in December 2018
What is our financial position?
Financials (£ million)
Year
2013 to 2016
2016/2017
2017/2018
2018/2019
2019/2020
2020/2021
2021/22
Total
Profile Spend
£12.000
£3.536
£3.050
£4.096
£3.000
£3.000
£0.000
£28.682
Actual Spend
£11.999
£3.001
£3.049
£4.29
£22.337
Remaining Spend
£0.001
£0.535
£0.001
-£0.192
£3.000
£3.000
£0.000
£6.345
2018/2019 Expenditure Profile
2
1
0
-1
Q1-18/19
Q2-18/19
Q3-18/19
Q4-18/19
Quarterly Forecast
£1.024
£1.024
£1.024
£1.024
Quarterly Spend
£0.420
£1.742
£2.086
£0.040
Variance
£0.604
-£0.718
-£1.062
£0.984
What is our contribution to the Economic Strategy?
Actual to end
Outputs April 2018 to March 2019
Target
of January
Monthly Change
Shortfall
Notes
2019
Value of grants approved
£3,540,000
£3,224,436
£0
£315,564
On track to meet target
Value of private sector match approved
£14,160,000
£62,820,623
£0
-£48,660,623
Target exceed during July 2018
Number of New Jobs to be Created
354
301
0
53
On track to meet target
Value of grants claimed
£3,540,000
£4,291,911
£39,994
-£751,911
Target met
Private sector match funding drawn down
£14,160,000
£27,475,293
£159,976
-£13,315,293
Target met
Number of New Jobs Created
354
271
11
83
On track to meet target
What is the project status?
The following table shows grants approved by sector since the start of the programme in 2013/14
Number of
Projects
Grants
Private
Total Project
Sector
Approved
Approved
Match
Costs
Jobs to be Created
A - Agriculture, Forestry and Fishing
2
£180,000
£794,946
£974,946
46
B - Mining and Quarrying
1
£100,000
£1,654,600
£1,754,600
10
C - Manufacturing
109
£13,056,080
£86,580,217
£99,636,297
1450
E - Water supply, sewerage, waste management and remediation activities
3
£230,000
£998,000
£1,228,000
23
F - Construction
15
£1,086,486
£5,231,673
£6,318,159
142
G - Wholesale and retail trade; repair of motor vehicles and motorcycles
22
£2,280,502
£49,699,325
£51,979,827
342
H - Transportation and Storage
7
£588,614
£2,962,444
£3,551,058
85
I - Accommodation and Food Service Activities
4
£262,000
£1,052,138
£1,314,138
34.5
J - Information and Communication
9
£685,700
£3,409,616
£4,095,316
70
K - Financial and Insurance Activities
1
£30,000
£79,425
£109,425
3
M - Professional, Scientific and Technical Activities
17
£1,631,372
£11,466,472
£13,097,844
180.6
N - Administrative and Support Service Activities
19
£1,848,771
£10,067,136
£11,915,907
224
P - Education
1
£20,000
£102,191
£122,191
4
Q - Human Health and Social Work Activities
1
£31,580
£126,320
£157,900
3.5
R - Arts, Entertainment and Recreation
6
£432,439
£2,868,045
£3,300,484
47.5
S - Other Service Activities
2
£320,000
£4,737,413
£5,057,413
32
Total
219
£22,783,544
£181,829,961
£204,613,505
2697.1
What are the next steps?
Revision of guidance and support provided by the Growth Hub is almost complete, with a greater focus on high value activity, both terms of jobs and business growth
The 'Scale-Up' Programme has been launched, which will target 1,300 SMEs that are most likely to benefit from grant support, to unlock business growth and increase productivity
17
Agenda item 7: Growing Business Fund Approvals (April 2018 - January 2019)
Grant
Match
Total
Jobs
Broadway Colours Ltd (2)
£40,000
£160,700
£200,700
4.0
Panel Graphics (2)
£64,414
£290,872
£355,286
4.0
Computer Service Centre
£265,800
£1,446,200
£1,712,000
25.0
Renvale Limited
£184,552
£1,510,977
£1,695,529
10.0
Warren Services Ltd. (4)
£32,000
£176,000
£208,000
2.5
Food Forensic Limited
£36,980
£219,220
£256,200
6.0
Omega Ingredients Ltd (3)
£40,000
£160,000
£200,000
2.0
Advanced Engineering (UK) Ltd
£98,600
£394,400
£493,000
6.0
Pecksniff's Bespoke Fragrances and Cosmetics Ltd
£202,500
£1,822,500
£2,025,000
14.0
Gnaw Chocolate Limited
£25,330
£101,319
£126,649
2.0
Ponders End Investments PLC
£179,239
£928,354
£1,107,593
36.0
BCMZ PrecisionEngineering Ltd
£74,500
£298,000
£372,500
4.0
Netmatters Limited
£37,500
£337,500
£375,000
4.0
Glowcroft Ltd
£38,742
£161,716
£200,458
3.0
LDH La Doria
£500,000
£41,100,000
£41,600,000
99.0
Mirus Aircraft Seating Ltd (2)
£140,000
£596,400
£736,400
7.0
Vanilla Electronics (2)
£39,994
£159,976
£199,970
2.0
TBI Manufacturing Ltd (2)
£69,500
£278,807
£348,307
4.0
DB Sheet Metals
£60,000
£328,750
£388,750
3.0
Zedbox UK Ltd
£120,000
£485,000
£605,000
6.0
Westover Vets Ltd
£126,000
£1,317,000
£1,443,000
12.6
Optima Stainless Ltd.
£264,900
£1,133,600
£1,398,500
14.0
Condimentum Limited
£391,350
£8,643,193
£9,034,543
25.0
Spectra Packaging Ltd
£74,486
£297,944
£372,430
4.0
Stephen Walters and Sons Ltd
£118,049
£472,195
£590,244
2.0
£3,224,436
£62,820,623
£66,045,059
301.1
19
Agenda item 7: Small Grant Scheme Approvals (April 2018 - January 2019)
Grant
Match
Total
Jobs
Clerkin Civils Ltd.
£20,630
£82,521
£103,151
2
Mitra Innovation
£3,301
£29,714
£33,015
Alpha Inclusion Ltd.
£5,150
£20,600
£25,750
Polstead Joinery (2)
£6,090
£24,360
£30,450
2
Prosynth ltd.
£5,920
£23,680
£29,600
Niagri Engineering Ltd.
£14,793
£59,174
£73,967
2
Captain Fawcett Ltd.
£5,249
£21,000
£26,249
1
OpenContact Direct Marketing Ltd.
£3,861
£15,449
£19,310
WeType Ltd.
£2,000
£8,000
£10,000
2
3 Norfolk Square Ltd.
£5,544
£12,937
£18,481
Purple Line Ltd.
£21,600
£86,400
£108,000
Storacall Technology Ltd. t/a X-on
£24,958
£99,833
£124,791
2
Attwells Solicitors LLP
£7,020
£16,380
£23,400
Insight Ecology Ltd.
£3,083
£12,335
£15,418
Needham Fabrications Ltd.
£20,422
£81,688
£102,110
Joseph Read Lighting Ltd.
£11,215
£56,349
£67,564
Agricultural & Mechanical Services Ltd t/a Agrimech
£6,100
£24,400
£30,500
2
Pump Street Chocolate Ltd.
£25,000
£100,000
£125,000
R&B Plastering (2)
£2,171
£8,685
£10,856
1
Edmund & Sedgwick Ltd.
£1,815
£7,260
£9,075
My Sofa Covers Ltd.
£2,000
£8,320
£10,320
Abate Ltd (2)
£13,975
£55,898
£69,873
Richard Western Ltd.
£2,372
£21,348
£23,720
R&S Budds Ltd.
£9,468
£37,876
£47,344
Global Plant Genetics Ltd
£1,705
£3,979
£5,684
TSI Structures Ltd
£23,100
£92,400
£115,500
Asams Ltd (2)
£14,461
£33,743
£48,204
Screenworks Ltd
£11,489
£45,955
£57,444
Cargo Secure Ltd
£25,000
£125,000
£150,000
1
Canham Consulting Ltd
£2,388
£9,555
£11,943
Lark Technology Group Ltd
£6,464
£25,856
£32,320
2
Prosynth Ltd (2)
£1,597
£6,388
£7,985
BD&H (4)
£22,900
£91,600
£114,500
2
Griffith Elder & Co Ltd
£24,600
£98,400
£123,000
2
Dodman Ltd
£3,680
£14,720
£18,400
EV Driver
£3,284
£13,158
£16,442
Jordan Leisure Systems
£3,200
£12,800
£16,000
1
Norwich Gas Electric Oil & Water Ltd
£8,452
£33,808
£42,260
Sharing Parenting
£1,086
£4,346
£5,432
Real Bodies Health & Fitness Ltd
£9,088
£36,353
£45,441
2
Exo Environmental (2)
£1,123
£4,492
£5,615
2
Torros Ltd
£11,010
£44,040
£55,050
2
Dunhams Washrooms Systems
£24,072
£96,289
£120,361
TTV Industrial Ltd
£25,000
£152,756
£177,756
Padgate Consulting Ltd.
£2,911
£11,644
£14,555
1
Bevan Davidson International Ltd
£7,300
£29,200
£36,500
6
Developing Experts
£25,000
£105,000
£130,000
2
Food Innovation Solutions
£13,538
£54,152
£67,690
2
Indigo Swan Ltd
£7,073
£28,296
£35,369
6
RKE Engineering Ltd
£7,750
£31,000
£38,750
Cornelius Group
£6,302
£25,208
£31,510
2
3 in One Services
£13,550
£54,200
£67,750
20
Agenda item 7: Small Grant Scheme Approvals (April 2018 - January 2019)
Grant
Match
Total
Jobs
Keronite Group Ltd
£19,882
£79,529
£99,411
2
RD Castings Ltd
£5,642
£22,572
£28,214
CW Logistics Ltd
£20,048
£80,193
£100,241
3
Black Shuck Ltd
£4,705
£18,820
£23,525
Liquid 11 Ltd
£10,053
£23,458
£33,511
2
Coffee House No 5
£11,156
£44,627
£55,783
2
Merxin Ltd
£14,901
£59,607
£74,508
Plandesci Ltd
£4,295
£17,180
£21,475
Diamond Garage LTd
£24,300
£56,700
£81,000
Smart Refinish Ltd
£9,000
£21,000
£30,000
Libra Scale Ltd
£25,000
£124,500
£149,500
2
Crafted Media Ltd
£4,652
£18,610
£23,262
4
Import Export Support LTd
£4,900
£19,600
£24,500
Diss Coverings (Mary Gibson)
£2,679
£10,717
£13,396
1
MD Controls Ltd
£4,229
£16,918
£21,147
1
Excite Solutions Ltd
£6,258
£25,032
£31,290
2
MacRefresh Ltd
£11,500
£46,000
£57,500
2
B&B Skip Hire Ltd (2)
£24,573
£98,295
£122,868
Dhotel Patisserie Ltd
£3,763
£15,052
£18,815
Cox's Boatyard Ltd
£6,000
£24,000
£30,000
STR Service Centre
£24,559
£100,000
£124,559
KVT Business Case
£2,230
£8,920
£11,150
1
Alex Stanlake Animation & Design
£1,483
£5,933
£7,416
Flameskill Ltd.
£16,372
£38,200
£54,572
Armour Engineering Ltd.
£2,256
£9,028
£11,284
1
OneSite Building Products Ltd.
£6,600
£15,400
£22,000
1
Petrotech UK Ltd
£10,381
£41,526
£51,907
1
DFC Precision Engineering Ltd.
£23,837
£95,348
£119,185
1
Slim Glass Ltd.
£8,000
£32,000
£40,000
Adaptainer Ltd
£6,384
£25,534
£31,918
1
Elmdale Welding and Engineering Supplies
£9,600
£38,400
£48,000
External Services Ltd.
15,625
62,501
78,126
4
F.W. Hall & Son Ltd.
3,162
12,646
15,808
1
Advance Engineering (UK) Ltd.
18,480
73,920
92,400
1
£897,364
£3,580,312
£4,477,676
80.00
21
New Anglia Local Enterprise Partnership - Investment Appraisal committee
Wednesday 27th March 2018
Agenda Item 9
Growth Deal: Reallocation of Funding within Attleborough Transport Package
Author: Jonathan Rudd
Summary and Recommendation
The Investment Appraisal Committee are requested to:
Approve the reallocation of £275,000 currently earmarked for Town Centre Improvements and
Asset Management (maintenance) to the delivery of Sustainable Transport improvements at
Attleborough Rail Station Carpark.
Background
Prior to the Capital Growth Programme, the Department of Transport delegated responsibility for
allocating funding for capital transport projects to the Norfolk and Suffolk Local Transport Body
(LTB), an unincorporated entity. The LTB was subsequently subsumed into the LEP as a sub-
committee of the LEP Board with the LEP executive responsible for managing local transport
projects. The LTB operated a two-stage approval process which incorporated DfT requirements; an
initial assessment as part of the appraisal for Growth Deal entry and a further approval of
constituent schemes on completion of the design stage involving a proportionate Business Case.
On 21 Nov 18, the LEP Board agreed to amalgamate the Local Transport Body and Board into a
single forum with greater emphasis on developing and implementing the Integrated Transport
Strategy Delivery Plan. This included the transfer of responsibilities for reviewing projects,
approving and recommending investment decisions to the Investment Appraisal Committee (IAC).
The Attleborough Transport Package is designed to improve sustainable transport, reduce traffic
congestion and improve conditions for all users. The measures proposed contribute to the
infrastructure required to support economic growth, plans for 4,000 houses and community
benefits. This growth is identified in the Adopted Core Strategy and emerging Neighbourhood Plan.
The current composition and funding allocation for the Attleborough Transport Package is as
follows:
Part 1 (£0.036M); Asset Management.
Part 2 (4.510M):
Town Centre Tpt Improvements (2.5M); Surragate Street, Queens Rd & Church St
Junction, High St & Exchange St Junction, and Queens Square Car Park,
High St/Connaught Rd Improvements (500k); Queens Square (Public Realm),
Sustainable Tpt Package (1.51M); London Rd Cycle Path, Railway Station Car Park
and Queens Rd to Sports Hall Pavement.
Part 3 (£0.075M); Asset Management Priorities.
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Proposal
The Highways Team at Norfolk County Council (NCC) propose increasing the level of
improvements to the Attleborough Rail Station Carpark. The existing car park layout underutilises
the available space, is not very welcoming to visitors does not provide very good public transport
links. Within the carpark there are a number of small and redundant buildings. Whilst the car park
adjoins town council owned land, the car park itself is owned by Greater Anglia.
The scheme will result in a more attractive and user-friendly layout to the car park and create a
better first impression to those travelling to Attleborough by rail. In addition, it will relieve pressure
on parking demands on nearby residential roads.
NCC propose reallocating £275,000 between schemes within the package, incorporating £75,000
earmarked for Asset Management Priorities which have not previously been subject to a Business
Case. They have produced a full Business Case for the scheme in accordance with the
Department for Transport guidance for modelling and appraisal of schemes, which includes
strategic, economic, commercial, financial and management cases, as well as an Appendix with a
WebTAG1 appraisal.
Delivery
The scheme will deliver the following outcomes:
Number of car parking spaces increased from 30/35 (all unmarked) to 86 including 5 blue-
badge spaces.
Widening and resurfacing of the footway to the front of the station
Resurfacing of car park
New carpark lighting
The train operator, Greater Anglia, have already competitively tendered the car park feasibility
design and will be competitively tendering for the car park construction. Having works managed
and delivered through the rail industry significantly reduces the risk to delivery compared to the
County Council appointing its own term contractor. The County Council will undertake overall
programme management using established County Council processes to ensure the scheme is
delivered as planned.
Funding
Savings from the Part 2 Town Centre Transport Improvement schemes and Part 3 Asset
Management Priorities are to be reallocated and transferred to the Rail Station Carpark scheme,
an element of the Part 2 Sustainable Transport Package, to meet the increased costs as follows:
Scheme
Growth Deal
Forecast
Variance
Allocation
Cost
Part 1 - Asset Management
36k
36k
0k
Part 2
Town Centre Transport Improvements
2,500k
2,300k
-£200k
High Street Improvements
500k
500k
0k
Sustainable Transport Package
1,510k
1,795k
+£275k
Part 3 - Asset Management Priorities
75k
0k
-75k
Total:
4,621k
4,621k
0k
1 Website for Transport Appraisal Guidance (WebTAG).
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Link to Economic Strategy.
The project is aimed at creating the right conditions to support existing economic activity and
growth, including the local transport plan of supporting sustainable development. Within the
Business Case, the scheme is assessed to be of ‘good value for money’, as it will:
Support key housing and business growth in Attleborough and along the A11 corridor.
Provide much needed additional car park capacity at the station for rail users,
significantly improving access to the rail network, particularly commuting. It is
anticipated that this will generate additional rail patronage through new trips and modal
shift from private car.
Provide significant improvements to accessibility and safety through the provision of
blue badge spaces, resurfacing of footways and the car park and new lighting.
Combined, it is anticipated that these measures will also generate additional rail
patronage through new trips and modal shift from private car.
Complement other works being delivered at the station that improve the connectivity of
the rail station to the bus network.
Additionally, the scheme will relieve Greater Anglia the need of funding necessary changes to this
carpark and enable them to deliver required improvements to the carpark at Diss Railway Station.
Summary and Recommendation
The Investment Appraisal Committee are requested to:
Approve the reallocation of £275,000 currently earmarked for Town Centre Improvements
and Asset Management (maintenance) to the delivery of Sustainable Transport
improvements at Attleborough Rail Station Carpark.
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