New Anglia LEP Investment Appraisal Committee
5 June 2019
8:30am-9:30am
Teleconference
Agenda
No.
Item
1.
Welcome
2.
Apologies: Tim Whitley
3.
Declarations of Interest
Minutes of previous meetings (27 March 2019 (4.1), 4 April 2019 (4.2), 15 April
4.1,2,3.
2019 (4.3) (Confidential)
Reporting - Growing Places Fund
5.
Growing Places Fund Horizon Paper (Confidential)
6.
Growing Places Fund Programme Performance Report (Confidential)
6.1
Growing Places Fund RAG rating
Reporting - Growing Business Fund
7.
Growing Business Fund Performance Report
7.1
Growing Business Fund approvals
7.2
Small Grant Scheme approvals
Items for Approval
8.
Growth Deal: Croxton Road Cycle Link virement
9.
Growing Places Fund: Loan request (Confidential)
10.
Growing Places Fund: Loan amendment (Confidential- paper to follow)
Items for discussion
11.
UEA Enterprise Fund output metrics (Paper to follow)
Other
12.
Any Other Business
1
Date and time of next meeting: Tuesday 25 June 2019. 9am-9:45am
Venue: W217, 2nd Floor, University of Suffolk, Waterfront Building,19 Neptune Quay, Ipswich, IP4
1QJ
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
Santander
Exec Members
Rosanne Wijnberg
New Anglia LEP
Chris Dashper
New Anglia LEP
Iain Dunnett
New Anglia LEP
2
Item 6
Item - Growing Places Fund Performance Report
Programme Overview - What is the Growing Places Fund?
• Programme duration under Growth Deal funding: 2015 - 2021.
• Value: £25m. This is the £25m Growing Places Fund element of the Growth Deal. Completed projects date back to previous funding from 2012.
• Aims: Invest loan capital in region’s infrastructure, sectors and growth locations. Occasional grants provided to projects demonstrating significant regional benefit.
• Contribution to the Economic Strategy: The fund has leveraged £276m public and private investment, created 1308 new jobs, 362 new homes, created 368,542 square
feet of industrial space, provided premises for 112 new businesses to be created, supported 27 capital build projects, and 6 sector developments in the private and public
sector.
What is the Overall Programme Status?
Amber
Loans position
See separate update on MSF
Grants position
Amber
Recent grant offers all issued, grant payments underway where eligible costs incurred.
Outputs
Green
Output delivery on profile. Housing outputs will include Winerack dwellings from April 2019.
achieved
What is our financial position?
Financials (£ millions)
Actual
Actual
Actualctual/Forecast
Forecast
Forecast
Total
Financial Year
2015/16
2016/17
2017/18
2018/19
2019/20
2020/21
Brought Forward
0.000
0.000
2.729
4.415
-1.441
3.427
Repaid
0.000
2.088
1.597
1.031
5.715
2.342
12.773
Gov Allocation
7.967
4.092
2.790
3.720
3.720
1.280
23.569
Spend [Act/Fcst]
-7.967
-3.451
-2.701
-5.891
-4.567
-0.370
-24.947
Carried forward
0.000
2.729
4.415
3.275
3.427
6.679
What is our contribution to the Economic Strategy?
Programme performance to date
Outputs - cumulative from April 2012 to Quarter 3 2018
Actual to date
New homes built
362
New jobs created
1,308
Industrial Space created (in square feet)
364,442
New businesses created through provision of premises
112
Capital Build projects supported
27
Sector Developments supported
6
Match Funding - Public (£m) Includes £49m uplift since April 2018.
142
Match Funding-Private (£m) Includes £22m uplift sine April 2018.
134
Total Match (£m)
276
What is the Project Status?
Current status of all projects.
Overall status
Purple
Red
Amber
Green
Blue
Please see RAG Rating for full project
Pipeline
At risk
Claim stage
Live
Complete
Total
list.
10
0
4
12
18
44
Change
-3
0
-1
0
0
What are the next steps?
Continue developing pipeline of future loan applications.
Ensure payback returns contribute to a revolving loan fund development.
13
Item 7
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 an enhanced rate 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 an expected over spend of about £750,000
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 decline in Autumn 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 ensure there is a greater focus on LEP priorities
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 (£m)
£12.000
£3.536
£3.050
£5.096
£2.790
£2.790
£0.000
£29.262
Actual Spend (£m)
£11.999
£3.001
£3.049
£4.733
£22.782
Remaining Spend (£m)
£0.001
£0.535
£0.001
£0.363
£2.790
£2.790
£0.000
£6.480
2018/2019 Expenditure Profile
2
1
0
-1
Q1-18/19
Q2-18/19
Q3-18/19
Q4-18/19
Quarterly Forecast
£1.274
£1.274
£1.274
£1.274
Quarterly Spend
£0.420
£1.745
£2.086
£0.481
Variance
£0.854
-£0.471
-£0.812
£0.793
What is our contribution to the Economic Strategy?
Actual to end
Outputs April 2018 to March 2019
Target
Monthly Change
Shortfall
Notes
of March 2019
Value of grants approved
£5,096,000
£3,975,591
£115,109
£1,120,409
Target exceed
Value of private sector match approved
£14,160,000
£66,864,110
£710,536
-£52,704,110
Target exceed
Number of New Jobs to be Created
354
371
12
-17
Target exceed
Value of grants claimed
£5,096,000
£4,732,981
£481,064
£363,019
Target exceed
Private sector match funding drawn down
£14,160,000
£32,931,195
£5,615,878
-£18,771,195
Target exceed
Number of New Jobs Created
354
317
35
37
Slight delay job creation following grant payment
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
116
13,378,233
88,353,956
101,732,189
1473.5
E - Water supply, sewerage, waste management and remediation activities
5
295,594
1,260,379
1,555,973
28
F - Construction
15
1,086,486
5,231,673
6,318,159
142
G - Wholesale and retail trade; repair of motor vehicles and motorcycles
23
2,677,428
51,288,938
53,966,366
370
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
18
1,737,372
12,400,472
14,137,844
195.6
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
7
462,921
3,033,716
3,496,637
53.5
S - Other Service Activities
2
320,000
4,737,413
5,057,413
32
Total
231
£23,704,699
£186,555,363
£210,260,062
2774.6
What are the next steps?
Revision of guidance and support provided by the Growth Hub is now complete, with a greater focus on high value activity, both terms of jobs, business growth and productivity
The 'Scale-Up' Programme has been launched, with SMEs now receiving targeted support, including potential GBF grant funding
17
Item 7.1 New Anglia LEP
Growing Business Fund
Grant Approvals 1st April 2018 to 31st March 2019
Date
Total Project
Private
Grant
Jobs to be
Business Name
Approved
Cost
Match
Awarded
Created
Apr-18
Broadway Colours Ltd (2)
£256,200
£160,700
£40,000
4
Apr-18
Panel Graphics (2)
£225,000
£290,872
£64,414
4
Apr-18
Computer Service Centre
£493,000
£1,446,200
£265,800
25
May-18
Renvale Limited
£2,025,000
£1,510,977
£184,552
10
May-18
Warren Services Ltd. (4)
£126,649
£176,000
£32,000
3
May-18
Food Forensic Limited
£1,107,593
£219,220
£36,980
6
Jun-18
Omega Ingredients Ltd (3)
£372,500
£175,000
£50,000
3
Jun-18
Advanced Engineering (UK) Ltd
£375,000
£394,400
£98,600
6
Jul-18
Pecksniff's Bespoke Fragrances and Cosmetics Ltd
£200,458
£1,822,500
£202,500
14
Jul-18
Gnaw Chocolate Limited
£41,600,000
£101,319
£25,330
2
Jul-18
Ponders End Investments PLC
£736,400
£928,354
£179,239
36
Jul-18
BCMZ PrecisionEngineering Ltd
£199,970
£298,000
£74,500
4
Jul-18
Netmatters Limited
£348,307
£337,500
£37,500
4
Jul-18
Glowcroft Ltd
£388,750
£161,716
£38,742
3
Jul-18
LDH La Doria
£605,000
£41,100,000
£500,000
99
Aug-18
Mirus Aircraft Seating Ltd (2)
£1,443,000
£596,400
£140,000
7
Aug-18
Vanilla Electronics (2)
£1,398,500
£159,976
£39,994
2
Aug-18
TBI Manufacturing Ltd (2)
£9,034,543
£278,807
£69,500
4
Aug-18
DB Sheet Metals
£372,430
£328,750
£60,000
3
Sep-18
Zedbox UK Ltd
£590,244
£485,000
£120,000
6
Sep-18
Westover Vets Ltd
£373,440
£1,317,000
£126,000
12.6
Nov-18
Optima Stainless Ltd.
£373,307
£1,133,600
£264,900
14
Nov-18
Condimentum Limited
£148,500
£8,643,193
£391,350
25
Dec-18
Spectra Packaging Ltd
£350,000
£297,944
£74,486
4
Dec-18
Stephen Walters and Sons Ltd
£1,040,000
£472,195
£118,049
2
Feb-19
Weco Engineering Ltd
£196,153
£336,096
£37,344
2
Feb-19
Euro Workspace Ltd
£220,000
£313,307
£60,000
3
Feb-19
H W Webb Engineers Ltd
£1,134,624
£118,800
£29,700
2
Feb-19
Silverline Office Equipment Ltd
£107,973
£280,000
£70,000
4
Feb-19
Lifeline 24 Ltd
£198,368
£934,000
£106,000
15
Feb-19
Events Under Canvas Ltd
£496,000
£165,671
£30,482
6
Feb-19
Drury's Environmental Services Ltd
£131,277
£176,000
£44,000
3
Feb-19
Dorplan Contracts Ltd.
£851,915
£907,698
£226,926
20
Feb-19
Avena Environmental
£391,891
£86,379
£21,594
2
Mar-19
Precision Refridgeration Limited
£136,200
£164,214
£34,154
6
Mar-19
JSM Home Improvements Ltd
£121,151
£441,300
£54,700
4
Mar-19
Kiezebrink UK Ltd (3)
£393,521
£105,022
£26,255
1.5
£68,562,864
£66,864,110
£3,975,591
371
18
Item 7.2 New Anglia LEP
Small Grant Scheme
Grant Approvals 1st April 2018 to 31st March 2019
Date
Total Project
Grant
Jobs to be
Business Name
Private Match
Approved
Cost
Awarded
Created
Apr-18
Clerkin Civils Ltd.
£20,630
£82,521
£103,151
2.0
Apr-18
Mitra Innovation
£3,301
£29,714
£33,015
0.0
Apr-18
Alpha Inclusion Ltd.
£5,150
£20,600
£25,750
0.0
Apr-18
SH Services (2)
£1,798
£7,193
£8,991
0.0
Apr-18
Polstead Joinery (2)
£6,090
£24,360
£30,450
2.0
Apr-18
Prosynth ltd.
£5,920
£23,680
£29,600
0.0
Apr-18
Niagri Engineering Ltd.
£14,793
£59,174
£73,967
2.0
Apr-18
Captain Fawcett Ltd.
£5,249
£21,000
£26,249
1.0
Apr-18
OpenContact Direct Marketing Ltd.
£3,861
£15,449
£19,310
0.0
Apr-18
WeType Ltd.
£2,000
£8,000
£10,000
2.0
Apr-18
3 Norfolk Square Ltd.
£5,544
£12,937
£18,481
0.0
Apr-18
Purple Line Ltd.
£21,600
£86,400
£108,000
0.0
Apr-18
Storacall Technology Ltd. t/a X-on
£24,958
£99,833
£124,791
2.0
Apr-18
Attwells Solicitors LLP
£7,020
£16,380
£23,400
0.0
Apr-18
Fountain Partnership
£12,190
£48,760
£60,950
0.0
May-18
Bridge Auto Sales Ltd.
£20,093
£80,376
£100,469
5.0
May-18
Insight Ecology Ltd.
£3,083
£12,335
£15,418
0.0
May-18
Needham Fabrications Ltd.
£20,422
£81,688
£102,110
0.0
May-18
Joseph Read Lighting Ltd.
£11,215
£56,349
£67,564
0.0
May-18
ACS Architectural Ltd.
£1,340
£5,361
£6,701
2.0
May-18
Agricultural & Mechanical Services Ltd t/a Agrimech
£6,100
£24,400
£30,500
2.0
May-18
Pump Street Chocolate Ltd.
£25,000
£100,000
£125,000
0.0
May-18
R&B Plastering (2)
£2,171
£8,685
£10,856
1.0
May-18
Edmund & Sedgwick Ltd.
£1,815
£7,260
£9,075
0.0
Jun-18
My Sofa Covers Ltd.
£2,000
£8,320
£10,320
0.0
Jun-18
Abate Ltd (2)
£13,975
£55,898
£69,873
0.0
Jun-18
Richard Western Ltd.
£2,372
£21,348
£23,720
0.0
Jun-18
Machined Precision Components Ltd.
£1,475
£5,900
£7,375
0.0
Jun-18
R&S Budds Ltd.
£9,468
£37,876
£47,344
0.0
Jun-18
Global Plant Genetics Ltd
£1,705
£3,979
£5,684
0.0
Jun-18
TSI Structures Ltd
£23,100
£92,400
£115,500
0.0
Jun-18
Asams Ltd (2)
£14,461
£33,743
£48,204
0.0
Jun-18
Screenworks Ltd
£11,489
£45,955
£57,444
0.0
Jun-18
Cargo Secure Ltd
£25,000
£125,000
£150,000
1.0
Jun-18
Canham Consulting Ltd
£2,388
£9,555
£11,943
0.0
Jun-18
Brandon Body Centre
£15,005
£60,022
£75,027
2.0
Jun-18
Lark Technology Group Ltd (2)
£6,464
£25,856
£32,320
2.0
Jul-18
McCavity's Contract Fillers Ltd
£9,438
£37,752
£47,190
1.0
Jul-18
Prosynth Ltd (2)
£1,597
£6,388
£7,985
0.0
Jul-18
BD&H (4)
£22,900
£91,600
£114,500
2.0
Jul-18
Griffith Elder & Co Ltd
£24,600
£98,400
£123,000
2.0
Jul-18
Dodman Ltd
£3,680
£14,720
£18,400
0.0
Jul-18
EV Driver
£3,284
£13,158
£16,442
0.0
Jul-18
Jordan Leisure Systems
£3,200
£12,800
£16,000
1.0
Aug-18
Norwich Gas Electric Oil & Water Ltd
£8,452
£33,808
£42,260
0.0
Aug-08
Sharing Parenting
£1,086
£4,346
£5,432
0.0
Aug-18
Real Bodies Health & Fitness Ltd
£9,088
£36,353
£45,441
2.0
Aug-18
Exo Environmental (2)
£1,123
£4,492
£5,615
2.0
Aug-18
Torros Ltd
£11,010
£44,040
£55,050
2.0
Aug-18
Dunhams Washrooms Systems
£24,072
£96,289
£120,361
0.0
Aug-18
TTV Industrial Ltd (2)
£25,000
£152,756
£177,756
0.0
Aug-18
Padgate Consulting Ltd.
£2,911
£11,644
£14,555
1.0
Aug-18
Bevan Davidson International Ltd
£7,300
£29,200
£36,500
6.0
Aug-18
Developing Experts
£25,000
£105,000
£130,000
2.0
Aug-18
Food Innovation Solutions
£13,538
£54,152
£67,690
2.0
Aug-18
Indigo Swan Ltd
£7,073
£28,296
£35,369
6.0
Aug-18
RKE Engineering Ltd
£7,750
£31,000
£38,750
0.0
Aug-18
Cornelius Group
£6,302
£25,208
£31,510
2.0
SGS Grants Appr
19
Sep-18
3 in One Services
£13,550
£54,200
£67,750
0.0
Sep-18
Keronite Group Ltd
£19,882
£79,529
£99,411
2.0
Sep-18
RD Castings Ltd
£5,642
£22,572
£28,214
0.0
Sep-18
CW Logistics Ltd
£20,048
£80,193
£100,241
3.0
Sep-18
Black Shuck Ltd
£4,705
£18,820
£23,525
0.0
Sep-18
Liquid 11 Ltd
£10,053
£23,458
£33,511
2.0
Sep-18
Radical Waste Group Ltd (B & B Skip Hire Ltd)
£14,721
£58,894
£73,615
1.0
Sep-18
Root3 Lighting Ltd.
£25,000
£100,000
£125,000
2.0
Sep-18
Coffee House No 5
£11,156
£44,627
£55,783
2.0
Oct-18
Merxin Ltd
£14,901
£59,607
£74,508
0.0
Oct-18
Plandescil Ltd
£4,295
£17,180
£21,475
0.0
Oct-18
Diamond Garage LTd
£24,300
£56,700
£81,000
0.0
Oct-18
Smart Refinish Ltd
£9,000
£21,000
£30,000
0.0
Oct-18
Libra Scale Company Ltd
£25,000
£124,500
£149,500
2.0
Oct-18
Crafted Media Ltd
£4,652
£18,610
£23,262
4.0
Oct-18
Import Export Support LTd
£4,900
£19,600
£24,500
0.0
Nov-18
Diss Coverings (Mary Gibson)
£2,679
£10,717
£13,396
1.0
Nov-18
MD Controls Ltd
£4,229
£16,918
£21,147
1.0
Nov-18
Excite Solutions Ltd
£6,258
£25,032
£31,290
2.0
Nov-18
MacRefresh Ltd
£11,500
£46,000
£57,500
2.0
Nov-18
B&B Skip Hire Ltd (2)
£24,573
£98,295
£122,868
0.0
Nov-18
Dhotel Patisserie Ltd
£3,763
£15,052
£18,815
0.0
Nov-18
Cox's Boatyard Ltd
£6,000
£24,000
£30,000
0.0
Nov-18
STR Service Centre
£24,559
£100,000
£124,559
0.0
Nov-18
KVT Business Care
£2,230
£8,920
£11,150
1.0
Nov-18
Alex Stanlake Animation & Design
£1,483
£5,933
£7,416
0.0
Dec-18
Flameskill Ltd.
£16,372
£38,200
£54,572
0.0
Dec-18
Armour Engineering Ltd.
£2,256
£9,028
£11,284
1.0
Dec-18
OneSite Building Products Ltd.
£6,600
£15,400
£22,000
1.0
Dec-18
Petrotech UK Ltd
£10,381
£41,526
£51,907
0.0
Dec-18
DFC Precision Engineering Ltd.
£23,837
£95,348
£119,185
1.0
Dec-18
Slim Glass Ltd.
£8,000
£32,000
£40,000
0.0
Dec-18
Adaptainer Ltd
£6,384
£25,534
£31,918
0.0
Dec-18
Elmdale Welding and Engineering Supplies
£9,600
£38,400
£48,000
0.0
Jan-19
External Services Ltd
£15,625
£62,501
£78,126
4.0
Jan-19
F W Hall & Son Ltd
£3,162
£12,646
£15,808
1.0
Jan-19
Advance Engineering (UK) Ltd
£18,480
£73,920
£92,400
1.0
Feb-19
Coda Plastics Ltd.
£12,914
£51,656
£64,570
0.0
Feb-19
Coderus Ltd. (2)
£14,043
£56,173
£70,216
0.0
Feb-19
Aviland Ltd.
£9,115
£36,458
£45,573
0.0
Feb-19
Tuffa Footwear Ltd
£1,300
£5,200
£6,500
0.0
Feb-19
Lockertek Ltd
£1,193
£4,772
£5,965
1.0
Feb-19
Fiscale Ltd
£24,975
£99,898
£124,873
1.0
Feb-19
Marketplace Amp Ltd
£2,592
£10,360
£12,952
2.0
Feb-19
Pro Alloy Motorsport Ltd
£21,204
£99,816
£121,020
3.0
Feb-19
Heather Omerod Pilates
£1,145
£4,580
£5,725
0.0
Feb-19
TMX Engineering Ltd (2)
£18,000
£72,000
£90,000
1.0
Mar-19
Timber Services UK Ltd
£25,000
£103,460
£128,460
2.0
Mar-19
Ansible Motion Ltd
£9,794
£39,177
£48,971
5.0
Mar-19
E G Grounds Care Ltd
£8,400
£33,600
£42,000
0.0
Mar-19
RD & M Gregg Ltd
£19,627
£78,511
£98,138
3.0
Mar-19
Gurney Environmental Ltd
£12,784
£51,141
£63,925
0.0
Mar-19
Anglia Computer Solutions Business Ltd.
£4,604
£18,417
£23,021
1.0
Mar-19
The Engineers Store EA Ltd.
£5,773
£13,473
£19,246
1.0
Mar-19
I-Level Ltd.
£9,791
£39,166
£48,957
0.0
Mar-19
Fenwick & Tilbrook Ltd
£4,004
£12,013
£16,017
1.0
Mar-19
Cambridge Rapid Components Ltd
£15,755
£63,020
£78,775
1.0
£1,220,437
£4,877,460
£6,097,897
113.00
Note: those applications in bold have since been withdrawn
SGS Grants Appr
20
New Anglia Local Enterprise Partnership
Investment Appraisal committee
Wednesday 5th June 2019
Agenda Item 8
Growth Deal: Thetford Transport Package - Croxton Road Cycle Link
Author: Jonathan Rudd
Summary and Recommendation
The Investment Appraisal Committee are requested to:
Approve the reallocation of £450,000 saving from existing schemes within the Thetford
Transport Package toward the delivery of a Cycle Link on the Croxton Road, Thetford.
Background
The Thetford Transport Package was initially designed to support the planned growth and
expansion of the town through improved sustainable transport facilities. However, in June 2016 the
LEP Board approved the redirection of funding to prioritise construction of a new roundabout
junction to access the Thetford Enterprise Park and to improve traffic management measures in the
town, as well as continue with resurfacing and dressing works on major routes.
The current composition and funding allocation for the Thetford Transport Package is as follows:
Part 1 (£1.98M);
Traffic Management.
Enterprise Park access Roundabout.
Part 2 (£0.256M)
A1075 Croxton Road Asset Management.
Thetford Rd, Brettenham Rd Asset Management.
Part 3 (£0.15M); Asset Management Priorities.
Proposal
The Highways Team at Norfolk County Council (NCC) propose to use savings from Parts 1 and 2 of
this package toward construction of a new Cycle Link on the Croxton Road to the North of Thetford
Town Centre. The existing arrangement is deemed unsatisfactory as cyclists need to either use the
road and run the risk of conflict with vehicles or share a less than adequate footway with
pedestrians.
The scheme will improve cycle and pedestrian links along Croxton Road between the Thetford
Academy and the town centre. NCC 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 (available on request).
1 Website for Transport Appraisal Guidance (WebTAG).
1
21
Delivery
This scheme aims to improve cycle and pedestrian links along Croxton Road between the Thetford
Academy (the only secondary school in Thetford) and the town centre. To achieve this, the scheme
will deliver the following:
600m of 2.7m wide shared use footway/cycleway facility, from the Army Cadet Headquarters
to the Thetford Academy secondary school, with no reduction in road width,
Provide a revised cycle crossing arrangement outside the Thetford Academy.
This will include transferring land (a verge) from Breckland District Council, use part of an existing
lay-by and involve service diversions, relocating a telegraph pole and streetlamps.
Funding
It is proposed to use savings from Part 1 Traffic Management and Enterprise Park Access along
with Part 2 Asset Management elements of the package to meet the costs of the scheme as follows:
Initial
Revised
Thetford Transport Package
Variance
Allocation
Allocation
Part 1 (£1.98M)
Traffic Management
180,000.00
63,000.00
-117,000.00
-
Enterprise Park access Roundabout
1,800,000.00
1,529,500.00
270,500.00
Part 2 (£0.256M)
A1075 Croxton Asset Management
72,000.00
72,000.00
0.00
Thetford Rd, Brettenham Rd Asset Management
184,000.00
121,500.00
-62,500.00
Part 3 (£0.15M)
Asset Management Priorities TBD
150,000.00
150,000.00
0.00
Croxton Road Cycleway
0.00
400,000.00
+450,000.00
Totals:
2,386,000.00
2,386,000.00
0.00
Link to Economic Strategy
Within the Business Case, the scheme is considered as being of High Value for Money as it will:
Provide a safer cycle route to the Thetford Academy from virtually all of the residential areas of
the town as these are located to the south of the school.
Encourage more pupils to walk and cycle to the Thetford Academy.
Support the planned housing and employment growth for Thetford as Croxton Road is a key link
from the new growth area to the town centre and other employment locations.
This scheme complements other sustainable transport initiatives for the town aimed at supporting
planned growth of some 5,000 new homes and 18 hectares of associated employment growth set
out in the Breckland Core Strategy and Thetford Area Action Plan.
Summary and Recommendation
The Investment Appraisal Committee are requested to:
Approve the reallocation of £450,000 saving from existing schemes within the Thetford
Transport Package toward the delivery of a Cycle Link on the Croxton Road, Thetford.
2
22