New Anglia Investment Appraisal Committee

Meeting Minutes (Unconfirmed)

17^th March 2021

Present:

Committee Members

David Ellesmere (DE)

Ipswich Borough Council

Andrew Proctor (AP)

Norfolk County Council

Dominic Keen (DK)

High Growth Robotics

Sandy Ruddock (SR)

Scarlett & Mustard

Kathy Atkinson (KA)

Kettle Foods

Alan Waters (AW)

Norwich City Council

Tim Whitley (TW)

Martin Williams (MW)

Independent IAC Member

In Attendance

Rosanne Wijnberg (RW)

New Anglia LEP

Chris Dashper (CD)

New Anglia LEP

Helen Wilton (HW)

New Anglia LEP

Melanie Richardson (MR)

New Anglia LEP

Iain Dunnett (ID)

New Anglia LEP

ACTIONS

Growing Business Fund - CD to circulate details of grant recipients at district level during the next round

of reporting.

Welcome from the Chair

David Ellesmere (DE) welcomed everyone to the meeting.

Apologies

None

Declarations of Interest

DE declared an interest on behalf of Ipswich BCC as a sponsor in the South Street Studios (Item 9).

Martin Williams (MW) declared an interest in The Malthouse. (Item 10).

Andrew Proctor (AP) declared an interest on behalf of Norwich County Council in Item 11. It was agreed

that this would be addressed last on the agenda.

Minutes of previous meetings

The minutes of the last meeting were agreed as accurate.

Horizon Paper and GPF Repayments - Confidential

The Committee agreed:

• To note the content of the report

Growing Business Fund Programme Performance Report

CD presented the papers to the meeting.

DE requested details of the scheme by district. CD confirmed that details of the recipients are published

Page 1 of 2

Growing Business Fund Performance Report - March 2021

Programme Overview - What is the Growing Business Fund?

Launched in April 2013, the Growing Business Fund provides grants for businesses to enable growth, an increase productivity and job creation.

Capital grants between £25,000 and £500,000 are provided at up to 20% of project costs for SMEs.

Funding for the Growing Business Fund is provided on an annual basis by the LEP's Growth Deal.in January the LEP board are considering adding a further £1m to this years budget

The fund is accessed through the New Anglia Growth Hub with Due Diligence undertaken by Finance East and agreed by a GBF panel which meets monthly as required .

What is the overall Programme Status?

Green

Finance

Since the end of 2020 we have seen a significant increase in the number of applications coming forward, these are now being progressed to panel.

Outputs

Green

The scheme started 2020/21 ahead of target and has finished £25,000 overspent.

Delivery

Green

Pipeline is buoyant, with interest in some larger size grant applications . Regular panel meetings continue to approve applications

What are our key updates?

Participant SMEs of the Scale Up New Anglia programme are being offered a range of support including applications to GBF (where appropriate).

This is still the LEP flagship grant scheme and continues to attracting interest despite COVID-19, we are seeing confidence in that some businesses submitting grant applications.

Many of the businesses are proceeding with their growth plans especially those of a medium size with a healthy pipeline of larger grant applications

GBF has been really successful, with grants being drawn down quickly, and the 2020/21

£3.2m of funding committed, of which £2.81m has been defrayed.

The GBF pipeline continues to be buoyant with a number of projects coming forward requesting support.

What is our financial position?

Financials (£ million)

Year

2013 to 2016

2016/2017

2017/2018

2018/2019

2019/2020

2020/2021

Total

Profile Spend (£m)

£12.000

£3.536

£3.050

£5.096

£4.121

£2.790

£30.593

Actual Spend (£m)

£11.999

£3.001

£3.049

£4.764

£2.533

£2.815

£28.161

Remaining Spend (£m)

£0.001

£0.535

£0.001

£0.331

£1.588

-£0.025

£2.431

2020/2021 Expenditure Profile

-1

-2

Q1-20/21

Q2-20/21

Q3-20/21

Q4-20/21

Quarterly Forecast

£0.698

Quarterly Spend

£0.678

£0.117

£2.020

£0.000

Variance

£0.019

£0.581

-£1.322

£0.698

What is our contribution to the Economic Strategy?

Actual to end of

Outputs April 2020 to March 2021

Target

Monthly Change

Shortfall

Notes

March 2021

Value of grants approved

£2,790,000

£3,254,325

£738,134

-£464,325

Value of private sector match approved

£11,160,000

£24,916,834

£5,891,904

-£13,756,834

Number of New Jobs to be Created

140

225.5

47.5

-86

Value of grants claimed

£2,790,000

£2,814,761

£137,885

-£24,761

Private sector match funding drawn down

£11,160,000

£19,654,850

£660,961

-£8,494,850

Number of New Jobs Created

140

116.0

12.0

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

Jobs to be

Sector

Approved

Match

Costs

Created

A- Agriculture, Forestry and Fishing

235899

1018543

1254442

B - Mining and Quarrying

100000

1654600

1754600

C - Manufacturing

141

15891096

101413745.3

117304841.3

1664.5

E - Water supply, sewerage, waste management and remediation activities

520000

2166000

2686000

38.5

F - Construction

2395631

14518518

16914149

245.5

G - Wholesale and retail trade; repair of motor vehicles and motorcycles

2947608

53452312

56399920

392

H - Transportation and Storage

1002601

6016625

7019226

114

I - Accommodation and Food Service Activities

372000

2342138

2714138

45.5

J - Information and Communication

753200

3792342

4545542

K - Financial and Insurance Activities

30000

79425

109425

L - Real Estate Activities

100000

232500

345000

M - Professional, Scientific and Technical Activities

3207666

20880393

24088059

313.6

N - Administrative and Support Service Activities

1660100

9434097

11094197

200

P - Education

20000

102191

122191

Q - Human Health and Social Work Activities

31580

126320

157900

3.5

R - Arts, Entertainment and Recreation

502921

3159776

3662697

55.5

S - Other Service Activities

320000

4737413

5057413

Total

288

30,090,302

225,126,938

255,229,740

3,265.6

What are the next steps?

The LEP is continuing to work with delivery partners, to ensure that the scheme can be accessed by businesses to facilitate growth during the COVID-19 Pandemic.

As we are nearing the end of this fund, we are closely monitoring the applications and claims coming forward to ensure they can complete on time, 31st March 2022.

New Anglia LEP

Growing Business Fund

Grant Approvals - April 2020 to March 2021

Approval

Grant Business

Company Name

Reason for Support

Date

Awarded Size

May-20

A J Hodgson and Sons

£82,010

Small

Capital investment to support business growth

May-20

Mid Anglian Enterprise Agency Ltd (MENTA)

£54,329

Small

Capital investment to support business growth

May-20

Crowland Cranes Ltd

£384,900

Medium

Capital investment to support business growth

Jun-20

Primo Manufacturing Ltd

£120,000

Medium

Capital investment to support business growth

Jul-20

Freightforce Distribution Ltd

£248,809

Medium

Capital investment to support business growth

Sep-20

CTR Secure Services Ltd

£160,000

Small

Capital investment to support business growth

Sep-20

Polar Systems Ltd

£130,000

Medium

Capital investment to support business growth

Sep-20

Slic Sheet Metal Fabrication Ltd

£31,185

Small

Capital investment to support business growth

Oct-20

Armultra Ltd

£73,000

Medium

Capital investment to support business growth

Oct-20

AKS SkipHire Ltd

£66,000

Small

Capital investment to support business growth

Nov-20

Pink Office Ltd

£80,000

Small

Capital investment to support business growth

Nov-20

Olympic Construction (Norfolk) Ltd

£25,950

Small

Capital investment to support business growth

Nov-20

Wrightform Ltd

£57,500

Medium

Capital investment to support business growth

Dec-20

Rossdale LLP

£37,885

Medium

Capital investment to support business growth

Dec-20

Brisko Scaffolding Ltd (3)

£200,000

Large

Capital investment to support business growth

Dec-20

Lifeline 24 Ltd (2)

£476,450

Medium

Capital investment to support business growth

Dec-20

HF Bond

£80,000

Small

Capital investment to support business growth

Jan-21

Supersips Ltd

£197,587

Small

Capital investment to support business growth

Jan-21

D A B Civil Engineering Ltd

£98,295

Small

Capital investment to support business growth

Mar-21

Sharp Systems Ltd

£107,272

Small

Capital investment to support business growth

Mar-21

Sands Agricultural Machinery Ltd

£400,000

Small

Capital investment to support business growth

Mar-21

Jaffa Imports Ltd

£37,792

Small

Capital investment to support business growth

Mar-21

Bacton Transport Ltd

£86,800

Medium

Capital investment to support business growth

Total

£3,235,764

Small Grant Scheme

Grant Approvals April 2020 to March 2021

Date

Grant Business

Company Name

Reason for Support

Approved

Awarded Size

Apr-20

Genesis Sporthomes Ltd

£10,272

Micro

Capital investment to support business growth

Apr-20

James White Drinks Ltd (2)

£24,434

Small

Capital and revenue investment to suport business growth

Apr-20

Frugalpac Limited

£13,427

Small

Capital investment to support business growth

Apr-20

Xcell Misting Ltd

£7,200

Small

Capital investment to support business growth

May-20

Gnaw Chocolate Ltd (2)

£4,508

Small

Capital investment to support business growth

May-20

Electrical Installation and Appliance Testing (UK) Ltd

£5,538

Small

Capital investment to support business growth

May-20

ASAP Branding Ltd

£5,120

Micro

Capital and revenue investment to support business growth

Jun-20

CMI Print Services Ltd

£13,389

Small

Capital investment to support business growth

Jun-20

Smart Offices Ltd

£9,000

Small

Capital investment to support business growth

Jun-20

Total Site Services

£4,575

Micro

Capital investment to support business growth

Jun-20

Lifeline24 Ltd

£4,297

Small

Capital investment to support business growth

Jun-20

Spa Pavilion Ltd

£24,360

Small

Capital investment to support business growth

Jun-20

Brief Media Ltd.

£3,900

Micro

Capital investment to support business growth

Jun-20

WhataHoot Ltd.

£20,044

Micro

Capital investment to support business growth

Jun-20

Rob Sambrook Photography

£1,026

Micro

Capital investment to support business growth

Jul-20

Norfolk Bluebell Wood Ltd

£2,440

Micro

Capital investment to support business growth

Jul-20

Tosier Chocolate Ltd (2)

£6,742

Micro

Capital investment to support business growth

Jul-20

Newmans Cleaning Services Ltd

£3,000

Micro

Capital investment to support business growth

Aug-20

Gutter Force Ltd (2)

£3,578

Micro

Capital investment to support business growth

Aug-20

Jake Austin Window Cleaning Services

£4,565

Micro

Capital investment to support business growth

Sep-20

Global Chair Components Ltd (2)

£25,000

Medium

Capital investment to support business growth

Sep-20

Robert Fuller t/a RFA Media

£1,585

Micro

Capital investment to support business growth

Sep-20

Titchmarsh & Goodwin Fine Furniture Ltd

£7,018

Small

Capital investment to support business growth

Sep-20

Marketplace Amp Ltd

£3,162

Micro

Capital and revenue investment to support business growth

Sep-20

Anglia Business Growth Consultants Ltd

£2,990

Micro

Capital investment to support business growth

Sep-20

Norwich Glass Company Ltd

£4,393

Small

Capital investment to support business growth

Sep-20

Fish Fabrications Ltd

£2,794

Micro

Capital investment to support business growth

Sep-20

One Traveller Ltd

£11,087

Small

Capital investment to support business growth

Sep-20

DJB Investments (UK) Ltd

£2,737

Small

Capital investment to support business growth

Oct-20

Kiezebrink UK Ltd (3)

£5,280

Medium

Capital investment to support business growth

Oct-20

TGA Trading Ltd (2)

£4,600

Micro

Capital investment to support business growth

Oct-20

A&T Optimus Ltd

£12,636

Micro

Capital investment to support business growth

Oct-20

Bacons Firewood

£2,610

Micro

Capital investment to support business growth

Oct-20

Banqueting Hire Service Ltd

£11,548

Small

Capital investment to support business growth

Oct-20

Gammax Independent Inspection Services Ltd

£4,173

Micro

Capital investment to support business growth

Oct-20

Smart Bookkeeping & Accounts Ltd

£3,600

Micro

Capital and revenue investment to support business growth

Oct-20

JHW Business Services Ltd

£2,107

Micro

Capital investment to support business growth

Oct-20

Felgains Ltd

£5,580

Small

Capital investment to support business growth

Oct-20

STC Solutions Ltd

£5,525

Micro

Capital investment to support business growth

Oct-20

Cubiqdesign Ltd

£16,433

Small

Capital investment to support business growth

Oct-20

Norfolk Coffee Co

£5,625

Micro

Capital investment to support business growth

Nov-20

Ipswich Glass Ltd

£25,000

Small

Capital investment to support business growth

Nov-20

Cousins of Emneth Ltd

£2,880

Small

Capital investment to support business growth

Nov-20

XL Scales Ltd

£6,118

Micro

Capital investment to support business growth

Nov-20

Chris Wood Light Ltd

£25,000

Micro

Capital investment to support business growth

Dec-20

W.F.C. Service Centre Ltd

£3,639

Micro

Capital investment to support business growth

Dec-20

Modece Architects Ltd

£20,788

Micro

Capital investment to support business growth

Dec-20

East Anglia Coaching Ltd

£10,820

Micro

Capital investment to support business growth

Dec-20

Just4you Fitness Ltd

£8,932

Micro

Capital investment to support business growth

Dec-20

JC Hammond Ltd

£8,428

Micro

Capital investment to support business growth

Jan-21

PWE Recruitment Group Ltd

£7,488

Micro

Capital investment to support business growth

Jan-21

Fountain Partnership Ltd

£25,000

Small

Capital investment to support business growth

Jan-21

Able Cleaning and Hygiene Ltd

£15,752

Small

Capital investment to support business growth

Feb-21

Goalgiving Ltd

£4,180

Micro

Revenue investment to support business growth

Feb-21

Orange Fox Electrical Ltd

£3,400

Small

Capital investment to support business growth

Feb-21

Acoustic Principles Ltd

£3,437

Micro

Capital investment to support business growth

Feb-21

DKN Services Ltd (2)

£3,739

Micro

Capital investment to support business growth

Mar-21

Noble & Wood Limited

£3,049

Micro

Capital investment to support business growth

Mar-21

Wrightfield Ltd

£22,900

Medium

Capital investment to support business growth

Mar-21

Rapid Transport Ltd

£1,305

Small

Capital investment to support business growth

Mar-21

RMI Engineering Ltd

£13,553

Small

Capital investment to support business growth

Total SGS scheme

£527,306

New Anglia LEP

Growth Through Innovation

Grant Approvals - April 2020 to March 2021

Approval

Grant

Business

Company Name

Reason for Support

Date

Awarded

Size

May-20

Agricultural & Mechanical Services Ltd (AgriMech)

£22,500

Medium

Revenue investment to support R&D or Innovation

Jun-20

Geotekk Ltd

£21,487

Micro

Revenue investment to support R&D or Innovation

Jun-20

Offshore Digital Engineering Ltd

£17,100

Micro

Revenue investment to support R&D or Innovation

Jun-20

MBASO Ltd

£24,997

Small

Revenue investment to support R&D or Innovation

Jun-20

Spark EV Technology

£11,082

Micro

Revenue investment to support R&D or Innovation

Jun-20

Showbiz Software Limited

£20,925

Micro

Revenue investment to support R&D or Innovation

Jul-20

Developing Experts Ltd

£21,892

Small

Revenue investment to support R&D or Innovation

Jul-20

Siametric Systems Ltd

£16,848

Micro

Capital investment to support R&D or Innovation

Jul-20

Purple Line Ltd

£25,000

Small

Revenue investment to support R&D or Innovation

Jul-20

G-Lok Systems Ltd

£11,161

Micro

Revenue investment to support R&D or Innovation

Jul-20

Coracle Online Ltd

£22,500

Micro

Revenue investment to support R&D or Innovation

Aug-20

Captain Fawcett Ltd

£3,440

Micro

Revenue investment to support R&D or Innovation

Aug-20

James White Drinks Ltd

£13,860

Small

Revenue investment to support R&D or Innovation

Aug-20

Ensemble Architecture Ltd

£9,409

Small

Revenue investment to support R&D or Innovation

Aug-20

Thyngs Limited

£25,000

Micro

Revenue investment to support R&D or Innovation

Aug-20

Pharmweigh Limited

£14,388

Micro

Revenue investment to support R&D or Innovation

Aug-20

RATS Marine Limited

£22,500

Micro

Revenue investment to support R&D or Innovation

Aug-20

Evans (Instruments) Limited

£3,094

Micro

Revenue investment to support R&D or Innovation

Aug-20

Just Another Label Ltd

£3,150

Small

Revenue investment to support R&D or Innovation

Sep-20

Ansible Motion Limited

£14,999

Small

Revenue investment to support R&D or Innovation

Oct-20

Exo Environmental Ltd

£21,220

Micro

Revenue investment to support R&D or Innovation

Oct-20

Merxin Ltd

£25,000

Micro

Revenue investment to support R&D or Innovation

Oct-20

Blue Novation Ltd

£4,035

Small

Revenue investment to support R&D or Innovation

Nov-20

Olthem Payments Ltd

£8,325

Micro

Revenue investment to support R&D or Innovation

Nov-20

Master Henry Ltd

£6,750

Micro

Revenue investment to support R&D or Innovation

Dec-20

Torros Ltd

£25,000

Small

Revenue investment to support R&D or Innovation

New Anglia Visitor Economy Grant (VEG)

Grant Approvals April 2020 to March 2021 (scheme started in September 2020)

Date

Grant

Business

Company Name

Reason for Support

Approved

Awarded

Size

Sep-2020

Aldeburgh Food and Drink Festival CIC

£2,846.00

Micro

Revenue investment to support business growth

Sep-2020

The Mindful Cook

£2,977.00

Micro

Revenue investment to support business growth

Sep-2020

Starlight Concerts Live (Entertainment) Ltd

£3,000.00

Micro

Revenue investment to support business growth

Sep-2020

Kerry Ellis t/as Epic Event Hire

£2,999.00

Micro

Revenue investment to support business growth

Sep-2020

Shaunandmartin Ltd t/as The Virginia Court Hotel

£2,022.00

Micro

Revenue investment to support business growth

Sep-2020

S Lay & N Roe t/as Hay Hay

£2,900.00

Micro

Revenue investment to support business growth

Sep-2020

Andrew Patton t/as Cycle Breaks, Suffolk Cycle Breaks & Walking Breaks

£2,665.83

Micro

Revenue investment to support business growth

Sep-2020

Turner-Mann Enterprises Ltd

£3,000.00

Micro

Revenue investment to support business growth

Sep-2020

BritPark Leisure Limited t/as Play2day

£2,795.00

Small

Revenue investment to support business growth

Sep-2020

Justine Paul t/as Suffolk Market Events

£3,000.00

Micro

Revenue investment to support business growth

Sep-2020

H. E. Hipperson Limited

£2,749.59

Micro

Revenue investment to support business growth

Sep-2020

Peter Williamson t/as The Old Penny Arcade

£2,446.56

Micro

Revenue investment to support business growth

Oct-2020

House of Mutt LLP

£2,897.92

Small

Revenue investment to support business growth

Sep-2020

Reubjon Ltd t/as Farmer Freds

£2,565.00

Small

Revenue investment to support business growth

Oct-2020

Woodbridge Tide Mill Charitable Trust t/as Woodbridge Tide Mill Museum

£1,536.77

Small

Revenue investment to support business growth

Oct-2020

Jason Elmer t/as Fresh Look Catering

£1,516.99

Micro

Revenue investment to support business growth

Oct-2020

Ringshall Grange

£3,000.00

Small

Revenue investment to support business growth

Oct-2020

Hilltop Experiences t/as Hilltop Outdoor Centre

£2,670.00

Small

Revenue investment to support business growth

Oct-2020

Bury St Edmunds Association of Registered Tour Guides

£2,900.00

Micro

Revenue investment to support business growth

Oct-2020

Stephan Genovese T/as The Pitstop

£3,000.00

Micro

Revenue investment to support business growth

Oct-2020

Fat Teds Events Ltd

£2,856.80

Micro

Revenue investment to support business growth

Oct-2020

Woodbridge Riverside Trust

£2,902.80

Small

Revenue investment to support business growth

Oct-2020

Explore 4X4

£2,485.81

Micro

Revenue investment to support business growth

Oct-2020

Lal Bagan Ltd T/as Tamarind

£2,999.00

Micro

Revenue investment to support business growth

Oct-2020

St EdmundsBury Cathedral Enterprises Limited

£2,000.00

Small

Revenue investment to support business growth

Oct-2020

Anglian Chauffeur Service

£1,677.00

Micro

Revenue investment to support business growth

Oct-2020

River Cruise Resturants T/as Lady Florence River Cruise Resturants

£1,680.00

Small

Revenue investment to support business growth

Oct-2020

Fired Up Food Limited

£3,000.00

Small

Revenue investment to support business growth

Oct-2020

Toby Jug Management Services Ltd trading as The Garden House.

£3,000.00

Micro

Revenue investment to support business growth

Oct-2020

Mark Jolly Promotions Limited

£2,994.00

Micro

Revenue investment to support business growth

Oct-2020

Art Safari Limited t/as Art Safari/Art Safari Editions/Close Encounters Travel

£2,499.00

Micro

Revenue investment to support business growth

Oct-2020

Copdock Kennels

£2,785.00

Micro

Revenue investment to support business growth

Oct-2020

Labyrinth Norwich Limited

£3,000.00

Micro

Revenue investment to support business growth

Nov-2020

Empire Lounge Bar Limited

£2,948.50

Micro

Revenue investment to support business growth

Nov-2020

Climb Higher Limited

£2,600.00

Micro

Revenue investment to support business growth

Nov-2020

Stowmarket Golf Centre Limited

£3,000.00

Micro

Revenue investment to support business growth

Nov-2020

The Railway Tavern Dereham Limited

£2,842.28

Micro

Revenue investment to support business growth

Nov-2020

H20S Limited Trading As The Norman Warrior

£2,366.00

Small

Revenue investment to support business growth

Nov-2020

Neal and Alison Sanderson Trading As Hunstanton Backpackers and YHA

£2,949.74

Micro

Revenue investment to support business growth

Nov-2020

Schools Out Activities Limited

£3,000.00

Micro

Revenue investment to support business growth

Nov-2020

Fun Casino Nights Limited

£3,000.00

Micro

Revenue investment to support business growth

Nov-2020

Goodtogo Limited Trading As Goodtogo

£2,829.00

Micro

Revenue investment to support business growth

Nov-2020

RJ & AM Hollis ta Castaways Holiday Park

£2,835.98

Small

Revenue investment to support business growth

Nov-2020

Beeston Community Enterprises

£2,640.14

Micro

Revenue investment to support business growth

Nov-2020

Debra Harrison / TA Gemini Lodge

£2,150.00

Micro

Revenue investment to support business growth

Nov-2020

Norfolk Village Inns TA The Queens Head Thurlton

£2,904.80

Micro

Revenue investment to support business growth

Dec-2020

Hullabaloo

£2,977.20

MIcro

Revenue investment to support business growth

Dec-2020

HH Norfolk Limited trading as Hockwold Hall

£2,983.98

Micro

Revenue investment to support business growth

Dec-2020

One Coffee One Tea Limited TA Ground by Bringing the outside in

£2,453.34

Micro

Revenue investment to support business growth

Dec-2020

Wendy Benefer

£1,750.00

Micro

Revenue investment to support business growth

Dec-2020

Jamie Robinson TA JR Light and Sound

£3,000.00

Small

Revenue investment to support business growth

Dec-2020

Joaquim Teles - sole trader t/a Teles Pattiserie

£2,947.84

Micro

Revenue investment to support business growth

Dec-2020

The Bull Inn - Barton Mills Limited

£3,000.00

Small

Revenue investment to support business growth

Dec-2020

Stardust Hadleigh Limited ta Hadleigh Old School

£3,000.00

Revenue investment to support business growth

Dec-2020

Misadventures Limited TA The Rose and Crown

£3,000.00

Small

Revenue investment to support business growth

Dec-2020

Panache Ice Cream Limited

£2,956.80

Micro

Revenue investment to support business growth

Jan-2021

Yeo Group Limited

£2,925.00

Medium

Revenue investment to support business growth

Jan-2021

North Norfolk Hospitality Limited TA Cliftonville Hotel

£3,000.00

Small

Revenue investment to support business growth

Jan-2021

Dan Will LLP TA Suffolk Camper Van Hire

£1,712.49

Micro

Revenue investment to support business growth

Jan-2021

Bigod’s Kitchen

£1,085.53

Micro

Revenue investment to support business growth

Jan-2021

Avani Solutions Limited

£1,644.25

Small

Revenue investment to support business growth

Jan-2021

The Cross Collective Limited

£2,972.59

Micro

Revenue investment to support business growth

Jan-2021

Secret Meadows Limited

£2,948.00

Micro

Revenue investment to support business growth

Jan-2021

Applaud Coffee Limited

£2,995.00

Micro

Revenue investment to support business growth

Feb-2021

Lorraine Woodgate TA The Grand

£2,519.94

Small

Revenue investment to support business growth

Feb-2021

Hindley Holidays Limited TA The Croft Campsite

£2,150.00

Micro

Revenue investment to support business growth

Feb-2021

The Old Dairy Beccles Limited TA The Old Dairy (Ronie’s Café)

£2,988.00

Small

Revenue investment to support business growth

Feb-2021

Back to Wilderness

£2,978.42

Micro

Revenue investment to support business growth

Feb-2021

Contemporary Taste Limited TA Knights Court Hotel

£2,690.30

Small

Revenue investment to support business growth

Feb-2021

Blooms Nurseries Limited

£2,984.98

Small

Revenue investment to support business growth

Feb-2021

Happy Days Retro Vacations Limited

£2,839.92

Micro

Revenue investment to support business growth

Feb-2021

JMG Limited TA 129 Café Bar

£2,939.54

Micro

Revenue investment to support business growth

Feb-2021

Alison Donohoe trading as Buckets and Spades Housekeeping Services

£1,796.00

Micro

Revenue investment to support business growth

Feb-2021

Bury St Edmunds Golf Club Limited

£2,351.67

Small

Revenue investment to support business growth

Feb-2021

Pete’s Pizzas

£1,688.80

Micro

Revenue investment to support business growth

Feb-2021

Ibex Fundraising Limited TA Eight Point Two events

£2,027.98

Micro

Revenue investment to support business growth

Feb-2021

Deborah Gates TA Café 33

£1,538.60

Micro

Revenue investment to support business growth

Feb-2021

Cork Bar

£2,986.98

Micro

Revenue investment to support business growth

Feb-2021

Banqueting Hire Service Limited

£2,950.00

Small

Revenue investment to support business growth

Feb-2021

Lynn Chambers-Dowe TA Chestnuts Campsite

£2,923.92

Small

Revenue investment to support business growth

Feb-2021

The Lost in Translation Circus Limited

£2,959.00

Micro

Revenue investment to support business growth

Mar-2021

Vogel Inns Limited TA The Swan Inn

£2,911.56

Small

Revenue investment to support business growth

Mar-2021

Maverick Festival Productions Limited

£2,999.00

Micro

Revenue investment to support business growth

Mar-2021

The Suffolk Coast Limited TA The Suffolk Coast Destination Management Organisation

£2,900.00

Micro

Revenue investment to support business growth

Mar-2021

Tracey Ball TA Nourish Café

£2,796.66

Micro

Revenue investment to support business growth

Mar-2021

Gressenhall Community Enterprise Limited TA The White Swan

£2,918.92

Micro

Revenue investment to support business growth

Mar-2021

Miss T Hayward

£2,940.16

Micro

Revenue investment to support business growth

Mar-2021

Up Sticks Campers Limited

£3,000.00

Micro

Revenue investment to support business growth

Mar-2021

Rose and Crown

£2,980.00

Small

Revenue investment to support business growth

Mar-2021

Josephine Luke Limited TA The Rose

£2,944.83

Micro

Revenue investment to support business growth

Mar-2021

Cooks Taverns Limited TA The Swan Inn

£2,997.00

Micro

Revenue investment to support business growth

Mar-2021

D W McMaster TA Awayadays

£1,052.67

Micro

Revenue investment to support business growth

Mar-2021

JBP Tourism Ltd TA Deepdale Camping & Rooms

£2,928.00

Small

Revenue investment to support business growth

Mar-2021

Claudia Pollinger TA Owl Tea Rooms

£2,999.99

Micro

Revenue investment to support business growth

Mar-2021

Wardley Hill Campsite

£2,998.13

Micro

Revenue investment to support business growth

Mar-2021

James & Aimee Garner trading as Godwick Hall

£2,855.00

Micro

Revenue investment to support business growth

Mar-2021

The Unruly Pig Co Limited TA The Unruly Pig

£2,864.00

Small

Revenue investment to support business growth

Mar-2021

Red Rose Chain

£2,950.00

Micro

Revenue investment to support business growth

Mar-2021

Stowmarket Golf Centre Limited (2)

£2,568.50

Micro

Revenue investment to support business growth

Mar-2021

The Bell at Sax Limited TA The Sail Loft Southwold

£2,675.00

Micro

Revenue investment to support business growth

Mar-2021

The Foolhardy Folk Circus Troupe TA Foolhardy Circus Arts

£2,488.29

Micro

Revenue investment to support business growth

Mar-2021

Briston Pub Co Limited TA The Three Horseshoes

£2,429.99

Small

Revenue investment to support business growth

Mar-2021

Create, Cook and Prosper Limited TA Shambles Cafe Bar Bistro

£2,999.00

Small

Revenue investment to support business growth

Mar-2021

Macrae Inn Limited TA The Bull Inn

£2,842.30

Micro

Revenue investment to support business growth

Mar-2021

Leisure Tek East Anglia Limited TA Planet Laser

£3,000.00

Micro

Revenue investment to support business growth

Mar-2021

Katie Wright TA Magic Floor Productions

£2,003.12

Micro

Revenue investment to support business growth

Mar-2021

King’s Lynn Caravan and Camping Park Limited

£1,354.44

Small

Revenue investment to support business growth

Mar-2021

Hayden Daniells TA AR Sports Science

£2,769.77

Micro

Revenue investment to support business growth

Mar-2021

Sasha French TA Crown House B&B

£2,949.00

Micro

Revenue investment to support business growth

Mar-2021

West Stow Pods Limited

£2,408.33

Micro

Revenue investment to support business growth

Mar-2021

Clip 'n Climb Ipswich Limited

£2,600.00

Small

Revenue investment to support business growth

Mar-2021

Zinnia Trading Limited TA Cosmo Restaurants

£2,996.42

Small

Revenue investment to support business growth

Mar-2021

High Lodge Leisure Limited

£1,873.14

Small

Revenue investment to support business growth

Mar-2021

Aldeburgh Food and Drink Festival C.I.C. (2)

£3,000.00

Micro

Revenue investment to support business growth

Mar-2021

Shottisham Campsite

£2,956.67

Micro

Revenue investment to support business growth

Mar-2021

Trinity Waters Limited TA The Boathouse

£2,985.00

Small

Revenue investment to support business growth

Mar-2021

Empire PH Limited TA The Blue Boar

£2,915.83

Small

Revenue investment to support business growth

Mar-2021

Agellus Hotels (Norfolk) Limited TA The Chequers Inn

£2,961.50

Revenue investment to support business growth

Mar-2021

Uzume Limited TA The Bristol Arms

£2,997.50

Micro

Revenue investment to support business growth

Mar-2021

Wine School Franchises Limited TA Norfolk Wine School

£3,000.00

Micro

Revenue investment to support business growth

Mar-2021

Desmond MacCarthy TA Wiveton Hall Café

£3,000.00

Small

Revenue investment to support business growth

Mar-2021

Eastern Star Restaurant Limited TA Pearl River

£1,445.00

Small

Revenue investment to support business growth

Mar-2021

Newmarket Community Services Limited TA Driving Miss Daisy Newmarket

£3,000.00

Micro

Revenue investment to support business growth

Mar-2021

Victoria Bray TA Retro Campers Norfolk

£2,928.53

Micro

Revenue investment to support business growth

Mar-2021

J MacClinton Limited TA The Manger

£1,747.00

Small

Revenue investment to support business growth

Mar-2021

The Carlton Crown

£1,266.38

Small

Revenue investment to support business growth

New Anglia Wider Economy Grant (WEG)

Grant Approvals April 2020 to March 2021 (scheme started in September 2020)

Date

Grant

Business

Company Name

Reason for Support

Approved

Awarded

Size

Sep-20

Cheddar Creative Limited

£2,899.00

Micro

Revenue investment to support business growth

Sep-20

Farrow Associates

£2,898.00

Micro

Revenue investment to support business growth

Sep-20

Haven Port Yacht Club

£1,932.00

Micro

Revenue investment to support business growth

Sept-20

The Willmaker Group Limited

£2,997.00

Micro

Revenue investment to support business growth

Sept-20

EggCup Web Design Limited

£2,545.00

Micro

Revenue investment to support business growth

Sept-20

Nigel Keeble

£1,028.82

Micro

Revenue investment to support business growth

Sept-20

Paul Nixon Photography

£2,955.00

Micro

Revenue investment to support business growth

Sept-20

Debenvale

£3,000.00

Small

Revenue investment to support business growth

Sept-20

Box River Studios

£2,865.83

Micro

Revenue investment to support business growth

Sept-20

PX2

£2,895.33

Micro

Revenue investment to support business growth

Sept-20

Grant Nurden

£2,347.00

Micro

Revenue investment to support business growth

Sept-20

The Marketing Copywriter

£1,829.00

Micro

Revenue investment to support business growth

Sept-20

Building Partnerships Limited

£1,722.68

Micro

Revenue investment to support business growth

Sept-20

Production Services Entertainment Limited

£2,874.58

Micro

Revenue investment to support business growth

Sept-20

Hot Gossip (East Anglia) Limited t/as Hot Gossip Media

£2,930.00

Micro

Revenue investment to support business growth

Sept-20

Aylsham Community Gym (2) - Annette Marsh

£2,299.00

Micro

Revenue investment to support business growth

Sept-20

Herring Bone Design Limited

£2,928.00

Micro

Revenue investment to support business growth

Sept-20

East Coast Accounting Limited

£2,708.27

Micro

Revenue investment to support business growth

Sept-20

Morton's Event Hire Ltd

£3,000.00

Micro

Revenue investment to support business growth

Sept-20

Imogen Clarke t/as Inspire Personal Training Studio

£2,997.99

Micro

Revenue investment to support business growth

Oct-20

David Palmer (Birds i Images)

£2,923.64

Micro

Revenue investment to support business growth

Oct-20

Elizabeth Cullen

£2,466.98

Micro

Revenue investment to support business growth

Oct-20

Lisa Mason School of Dance

£2,981.01

Mirco

Revenue investment to support business growth

Oct-20

Angela Rowe School Of Dance

£2,832.00

Mirco

Revenue investment to support business growth

Oct-20

Active Fakenham Limited

£3,000.00

Mirco

Revenue investment to support business growth

Oct-20

Tracey Curl ta Norwich Hypnotherapy

£1,396.00

Micro

Revenue investment to support business growth

Oct-20

Liam Bailey Limited

£2,976.00

Micro

Revenue investment to support business growth

Oct-20

Nick Webster

£2,698.00

Micro

Revenue investment to support business growth

Oct-20

GLF Steel Limited

£2,933.00

Micro

Revenue investment to support business growth

Oct-20

Money Properties Limited

£2,254.86

Micro

Revenue investment to support business growth

Oct-20

Simply C Photography

£3,000.00

Micro

Revenue investment to support business growth

Oct-20

Clarick Cleaning Limited

£2,929.97

Small

Revenue investment to support business growth

Oct-20

Paul Nixon Photography (2)

£2,955.00

Revenue investment to support business growth

Oct-20

Mrs Lindsay Want-Beal Trading as Xtrahead

£2,865.00

Micro

Revenue investment to support business growth

Oct-20

Pierrot Limited Trading as Pierrot Stationers

£2,526.00

Micro

Revenue investment to support business growth

Oct-20

Find A Job (East Anglia) Limited

£2,689.96

Small

Revenue investment to support business growth

Oct-20

Simon Greene Associates Limited

£3,000.00

Micro

Revenue investment to support business growth

Nov-20

APW Training Limited

£2,757.00

Micro

Revenue investment to support business growth

Nov-20

Anna Yeomans Trading As Treatments By Anna

£2,450.00

Micro

Revenue investment to support business growth

Nov-20

The Publicity Works (UK) Limited Trading As The Publicity Works

£2,977.00

Micro

Revenue investment to support business growth

Nov-20

Attain Solutions Limited

£2,999.00

Micro

Revenue investment to support business growth

Nov-20

Back Up Data Limited

£2,864.45

Micro

Revenue investment to support business growth

Nov-20

Abacus Business Solutions Ipswich Limited

£1,199.00

Micro

Revenue investment to support business growth

Nov-20

Blue Sky Assessing and Consultancy Limited

£2,548.90

Micro

Revenue investment to support business growth

Nov-20

Angela Adams Photography 2

£2,950.00

Micro

Revenue investment to support business growth

Nov-20

Charlotte Knowles Tading As Charlotte Fitness

£1,172.96

Micro

Revenue investment to support business growth

Nov-20

BLUEPRINT WORKSHOP LTD

£2,865.60

Micro

Revenue investment to support business growth

Nov-20

Creative Monarchy Limited

£2,938.20

Micro

Revenue investment to support business growth

Nov-20

Generate Leads Online Limited

£2,520.18

Micro

Revenue investment to support business growth

Nov-20

Tribe Training

£2,863.00

Micro

Revenue investment to support business growth

Nov-20

Aviform Limited

£2,320.00

Small

Revenue investment to support business growth

Dec-20

Power Revolution Event Services Limited

£2,481.75

Micro

Revenue investment to support business growth

Dec-20

Jan Jinkerson trading as Find your Voice

£2,834.14

Micro

Revenue investment to support business growth

Dec-20

ASAP Branding Limited trading as Ipswich Embroidery & Print

£3,000.00

Small

Revenue investment to support business growth

Dec-20

PureKat Consultancy Limited

£3,000.00

Micro

Revenue investment to support business growth

Dec-20

Kevin Bandy trading as KB Cricket

£2,937.33

Micro

Revenue investment to support business growth

Dec-20

Cockaday & Jones trading as Williams of West Runton

£2,500.00

Micro

Revenue investment to support business growth

Dec-20

Tudor Printing

£2,999.95

Micro

Revenue investment to support business growth

Dec-20

Leonard Fletcher trading as Fletcher Gardening Services

£1,877.99

Micro

Revenue investment to support business growth

Dec-20

IKON Training Limited

£2,995.00

Small

Revenue investment to support business growth

Dec-20

Image (Ipswich) Limited

£2,900.00

Small

Revenue investment to support business growth

Dec-20

F.J. Wilson Limited trading as FJ Wilson Talent Services

£2,984.34

Micro

Revenue investment to support business growth

Dec-20

Manon Palmieri

£3,000.00

Micro

Revenue investment to support business growth

Dec-20

Digital Dominator Limited

£2,383.56

Micro

Revenue investment to support business growth

Dec-20

Beverly Townsend trading as Dream Spanish Property

£2,537.97

Small

Revenue investment to support business growth

Dec-20

Anna Severino trading as L.A Cosmetics

£3,000.00

Micro

Revenue investment to support business growth

Dec-20

Feedback CS Limited ta insight6 Norfolk & Suffolk

£2,500.00

Micro

Revenue investment to support business growth

Dec-20

Susan Reynolds TA Eastern Dyslexia

£1,348.00

Micro

Revenue investment to support business growth

Dec-20

Essex & Suffolk Pest Solutions Limited

£2,781.28

Micro

Revenue investment to support business growth

Dec-20

Amy Hales

£2,332.38

Micro

Revenue investment to support business growth

Dec-20

Smash Marketing Limited

£2,279.04

Small

Revenue investment to support business growth

Dec-20

Menacing Media Limited

£2,999.46

Micro

Revenue investment to support business growth

Jan-21

AKB 2000 Limited TA Cypress Autoservices

£3,000.00

Small

Revenue investment to support business growth

Jan-21

Chenery Creative Limited

£2,999.17

Micro

Revenue investment to support business growth

Jan-21

The Come and Sing Company

£2,862.44

Micro

Revenue investment to support business growth

Jan-21

Mid Norfolk Boats Limited

£2,995.00

Micro

Revenue investment to support business growth

Jan-21

C Harrison TA C Harrison Business Services

£1,642.39

Micro

Revenue investment to support business growth

Jan-21

Terra Firma Architects Limited

£2,699.00

Micro

Revenue investment to support business growth

Jan-21

Planbuild Consulting Limited

£3,000.00

Micro

Revenue investment to support business growth

Jan-21

The Space Burston

£3,000.00

Micro

Revenue investment to support business growth

Jan-21

Justin Virdee TA JustWood Designs

£2,950.00

Micro

Revenue investment to support business growth

Jan-21

Anna Ryan TA Core Balance Wellbeing

£1,762.99

Micro

Revenue investment to support business growth

Jan-21

Educated Appointments Limited

£3,000.00

Micro

Revenue investment to support business growth

Jan-21

Simpler PR Limited

£2,181.94

Micro

Revenue investment to support business growth

Jan-21

Teenage Mental Health Limited

£2,996.93

Micro

Revenue investment to support business growth

Jan-21

Martin Kentish TA Artoo Electrical

£2,898.15

Micro

Revenue investment to support business growth

Jan-21

CL-Architecture Limited

£2,245.96

Micro

Revenue investment to support business growth

Jan-21

Urban Forestry (Bury St. Edmunds) Limited

£2,991.15

Medium

Revenue investment to support business growth

Feb-21

Traderoute Limited

£2,910.50

Micro

Revenue investment to support business growth

Feb-21

Christina Fulcher TA Christina the Pilates Girl

£2,985.74

Micro

Revenue investment to support business growth

Feb-21

LukeWBryant TA Norwich Live Streaming Services

£2,524.00

Micro

Revenue investment to support business growth

Feb-21

Nikolas Maschas TA Alpha Orthodontic Laboratory

£2,410.23

Micro

Revenue investment to support business growth

Feb-21

Claire Moran TA Pinky Treats

£2,949.80

Micro

Revenue investment to support business growth

Business Resilience and Recovery Programme

Programme Overview - What is the Business Resilience and Recovery Programme.

The Business Resilience and Recovery Scheme provides support to businesses in Norfolk and Suffolk that have been affected by the Covid-19 Coronavirus and are looking at ways to

recover and strengthen their business performance. Companies applying under the scheme can apply for a 50% grant towards capital costs involved in initial resilience and future recovery

of their business. A grant of £25,000 up to a maximum of £50,000 is available to support projects.

Figures reflect the period to 10/05/2020.

What is the Overall Programme Status?

The Business Resilience and Recovery scheme has supported 130 businesses to date (£5,081,478).

118 businesses have received their first

Overall:

Green

payments (£2,237,964) and 76 have had their final payments (£1,402,997).

The first tranche of funding for the programme (from the LGF) is now fully committed. Expenditure of the LGF was due by the end of the calendar

Delivery:

Green

year (LGF - £3,500,000). The programme has now started allocating funds from the Get Building Fund allocation (£2,623,680).

£ 5,081,478 has been awarded to 130 projects, representing 83% of the total programme budget. £3,640,961 has been paid out to 118 businesses

Spend:

Green

(76 of which have had their final payments).

£ 5,081,478 has been awarded to 130 projects. The has enabled 130 businesses and their associated supply chains to start the journey to recover

Outputs:

Green

from the consequences of COVID-19 restrictions. 216 FTEs have been created and 2935.5 FTEs have been safeguarded.

What are our Key Updates?

•The Business Resilience and Recovery Scheme was launched on Monday 4th May and the scheme has proved popular with several enquiries already being handled, developed and

progressed through the Growth Hub.

•130 businesses have now been supported, the most recent being ‘Red Rose Chain’, awarded £50,000.

•Total R&R grant value awarded to date is £5,081,478 with a total projects value of £12,973,923. Private match of £7,892,445 has been committed. £3,640,961 has been paid out to 118

businesses (76 of which have had their final payments).

•Investment in these 130 businesses will create 216 FTEs and safeguard 2935.5.

•Of the 130 businesses supported, 79 are in Norfolk (£3,044,76) and 51 are in Suffolk (£2,037,002).

•There are 4 projects at Due Diligence stage with a potential grant value of £195,160. There are a further 7 projects with the Growth Hub with a potential grant value of £225,850.

What is our Financial Position?

Financials (£ million)

Forecast

Actual

Financial Year

2020/21

Qtr 1 2020/21

Qtr 2 2020/21

Qtr 3 2020/21

Qtr 4 2020/21

Qtr 1 2021/22

Brought Forward

LEP Allocation

£3,500,000.00

£2,709,864.00

£3,144,185.00

£1,808,546.00

£1,330,036.00

Spend [Act/Fcst]

£3,500,000.00

£290,639.00

£1,047,528.00

£1,375,853.00

£691,832.00

£235,109.00

Committed

£3,500,000.00

£790,136.00

£2,189,359.00

£1,335,639.00

£478,510.00

£287,834.00

Carried forward

£3,500,000.00

£2,709,864.00

£520,505.00

£1,808,546.00

£1,330,036.00

£1,042,202.00

This figure combines the balance of the

LGF (£520,505) and the additional

Business Resilience and Recovery Programme

£2,623,680 from the Get Building Fund

£4,000,000.00

£3,000,000.00

£2,000,000.00

£1,000,000.00

£0.00

Q1-20/21

Q2-20/21

Q3-20/21

Q4-20/21

Q1- 21/22

Axis Title

Qtrly awarded

Qtrly Claims

R&R Budget Allocated

What is our contribution to the Economic Strategy?

Quarter/ year:

Outputs - cumulative from April 1st to 09/11/2020

Actual Qtr 1

Actual Qtr 2

Actual Qtr 3

Actual Qtr 4

QTR 1

Number of Direct Full-Time Jobs Created

126

Number of Direct Full-Time Jobs Safeguarded

706

1,180

647

234

168

Private Match (£)

£1,221,274.00

£3,431,035.00

£1,971,365.00

£1,035,540.00

£233,231.00

Public Match (£)

£0.00

Commercial Floor Space (SqM)

TBC

tbc

What is the Project Delivery Status?

LGF Committed = £3,594,054 (Allocating grant awards in full to one fund means that the total exceeds £3,500,000 LGF allocation slightly).

•92 businesses supported in total

Getting Building Fund Committed - £1,487,424

•38 businesses supported in total

What are the Next Steps?

Qtr 1- The Growth Hub will continue to signpost, develop and progress R&R applications to the Finance East's Due Diligence Team. Regular Team meetings are held to review processes

and suggest improvements to the scheme and its wider dissemination and take up.

District Split for Business Resilience and Recovery Scheme 17/05/2021

Commitment from the Local Growth Fund

Total Project

Approved date

Company Name

Private Match

Grant Awarded

District

County

Parliamentary Constituency

Cost

07/05/2020

Pegasus Profiles Limited

199,900.00

149,900.00

50,000.00

Breckland

Norfolk

South West Norfolk

04/07/2020

Machined Precision Components

57,357.50

28,679.50

28,678.00

Breckland

Norfolk

South West Norfolk

14/08/2020

Avena Environmental Ltd

182,250.00

132,250.00

50,000.00

Breckland

Norfolk

South West Norfolk

17/08/2020

Tri Harder UK Ltd

62,100.00

31,050.00

Breckland

Norfolk

Mid Norfolk

20/08/2020

William Morfoot Ltd

89,000.00

44,500.00

Breckland

Norfolk

Mid Norfolk

27/08/2020

Plandescil Ltd

49,012.00

24,506.00

Breckland

Norfolk

Mid Norfolk

01/09/2020

Ivanhoe Trading Ltd

74,985.00

37,493.00

37,492.00

Breckland

Norfolk

South West Norfolk

22/10/2020

Thetford Garden Centre Ltd

£87,068.00

£43,534.00

Breckland

Norfolk

South West Norfolk

03/06/2020

Pegasus Welfare Solutions

50,800.00

25,400.00

Broadland

Norfolk

Broadland

12/06/2020

Plastech Industries Ltd

142,947.00

92,947.00

50,000.00

Broadland

Norfolk

Broadland

04/07/2020

SLIC Sheet Metal Fabrications

63,769.00

31,885.00

31,884.00

Broadland

Norfolk

Norwich North

12/07/2020

OTW Imaging Ltd

114,175.00

64,175.00

50,000.00

Broadland

Norfolk

Broadland

12/07/2020

Ltd

78,200.00

39,100.00

Broadland

Norfolk

Norwich North

13/07/2020

AKS Skip Hire Ltd

180,000.00

140,000.00

40,000.00

Broadland

Norfolk

Broadland

16/07/2020

The Garden Guardian Ltd

51,865.00

25,933.00

25,932.00

Broadland

Norfolk

Broadland

02/07/2020

AKP Ltd

124,850.00

74,850.00

50,000.00

Great Yarmouth

Norfolk

Great Yarmouth

04/06/2020

Worzals Ltd

104,276.00

54,276.00

50,000.00

Kings Lynn & West Norfolk

Norfolk

South West Norfolk

09/06/2020

Fountain Foods Ltd.

98,750.00

49,375.00

Kings Lynn & West Norfolk

Norfolk

South West Norfolk

12/06/2020

Karma Enterprises Ltd

59,700.00

29,850.00

Kings Lynn & West Norfolk

Norfolk

South West Norfolk

24/06/2020

AT Promotions

58,232.00

29,116.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

25/06/2020

The Wrought Iron & Brass Bed Co

83,074.00

41,537.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

01/07/2020

Crane Garden Buildings

137,800.00

92,800.00

45,000.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

12/07/2020

Captain Fawcett

50,007.00

25,004.00

25,003.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

14/07/2020

CJR Sales

104,000.00

54,000.00

50,000.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

24/07/2020

Gary Hart - Sprint

99,878.00

49,939.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

03/08/2020

Inivos Ltd

53,701.00

26,851.00

26,850.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

01/09/2020

Dodman Ltd

153,000.00

103,000.00

50,000.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

01/09/2020

D&H Group

73,889.00

44,333.00

29,556.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

01/09/2020

Gaswise Services Ltd

81,050.00

56,050.00

25,000.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

03/09/2020

Qualitops

£137,644.00

£87,644.00

£50,000.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

13/09/2020

Norfolk Leisure Lifestyle Ltd

£151,175.00

£113,425.00

£37,750.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

17/09/2020

The Main Event

£63,300.00

£31,650.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

29/09/2020

English Brothers Ltd

£101,500.00

£71,500.00

£30,000.00

Kings Lynn & West Norfolk

Norfolk

South West Norfolk

01/10/2020

Ben Bec Services Ltd

£107,946.00

£69,946.00

£38,000.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

21/10/2020

Burton Richards Ltd

£78,149.00

£39,075.00

£39,074.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

10/08/2020

The Grove Cromer

55,297.00

27,649.00

27,648.00

North Norfolk

Norfolk

North Norfolk

20/08/2020

The Light Aircraft Co Ltd

94,050.00

47,250.00

North Norfolk

Norfolk

Broadland

21/09/2020

Norfolks Finest Limited

£60,000.00

£30,000.00

North Norfolk

Norfolk

North Norfolk

21/09/2020

Bluebelt Hospitality Limited

£99,500.00

£49,750.00

North Norfolk

Norfolk

North Norfolk

05/10/2020

Morris & Alexander

£124,970.00

£74,970.00

£50,000.00

North Norfolk

Norfolk

Broadland

01/11/2020

Dunnella Limited

£119,500.00

£69,500.00

£50,000.00

North Norfolk

Norfolk

North Norfolk

Starlight Concerts Live

03/11/2020

(Entertainments) Ltd

£79,094.00

£39,547.00

North Norfolk

Norfolk

North Norfolk

17/05/2020

Curious Directive

57,000.00

28,500.00

Norwich

Norfolk

Norwich South

26/06/2020

Olympic Construction

97,600.00

65,067.00

32,533.00

Norwich

Norfolk

Norwich North

20/07/2020

PPI Engineering

102,250.00

62,250.00

40,000.00

Norwich

Norfolk

Norwich South

West Earlham Dental Health Practice

15/09/2020

Limited

£88,222.00

£44,111.00

Norwich

Norfolk

Norwich South

30/09/2020

Norwich Aluminium Ltd

£112,141.00

£82,141.00

£30,000.00

Norwich

Norfolk

Norwich South

03/11/2020

Catton Home Improvements Ltd

£99,572.00

£49,786.00

Norwich

Norfolk

Norwich North

01/07/2020

The Booja Booja Company

74,750.00

44,050.00

30,700.00

South Norfolk

Norfolk

South Norfolk

01/07/2020

Proeon

45,977.00

22,989.00

22,988.00

South Norfolk

Norfolk

South Norfolk

26/07/2020

Pommarola Pizza Gardens Ltd

62,000.00

31,000.00

South Norfolk

Norfolk

South Norfolk

20/08/2020

Fortis Coatings Ltd

43,000.00

21,500.00

South Norfolk

Norfolk

South Norfolk

13/09/2020

Finedale Foods

£103,638.00

£67,638.00

£36,000.00

South Norfolk

Norfolk

South Norfolk

17/09/2020

My Sofa Covers

£380,000.00

£330,000.00

£50,000.00

South Norfolk

Norfolk

South West Norfolk

29/09/2020

Simonds of Botesdale Ltd

£55,620.00

£27,810.00

South Norfolk

Norfolk

South Norfolk

13/10/2020

Newfoundlands Ltd

£70,045.00

£35,023.00

£35,022.00

South Norfolk

Norfolk

South Norfolk

21/10/2020

Zaks (UK) Ltd

£81,177.00

£40,589.00

£40,588.00

South Norfolk

Norfolk

South Norfolk

Norfolk Companies

£5,510,752.50

£3,346,693.50

£2,164,509.00

12/05/2020

Indigo Ross Design and Print Limited

72,995.00

42,995.00

30,000.00

Babergh

Suffolk

South Suffolk

04/06/2020

TTV Industrial Ltd

162,110.00

112,110.00

50,000.00

Babergh

Suffolk

South Suffolk

20/08/2020

Stephen Walters & Sons Ltd

180,828.00

130,828.00

50,000.00

Babergh

Suffolk

South Suffolk

27/08/2020

Nethergate Brewery Co Limited

75,450.00

37,725.00

Babergh

Suffolk

South Suffolk

27/05/2020

Twyfords to you Ltd.

100,480.00

50,480.00

50,000.00

East Suffolk

Suffolk

Waveney

16/06/2020

Micropress Printers Ltd.

159,500.00

109,500.00

50,000.00

East Suffolk

Suffolk

Suffolk Coastal

18/06/2020

Ascenda Engineering Limited

156,395.00

106,395.00

50,000.00

East Suffolk

Suffolk

Ipswich

04/07/2020

Howarth Winterbrook Ltd

100,050.00

50,050.00

50,000.00

East Suffolk

Suffolk

Suffolk Coastal

04/07/2020

Colourchange (UPVC) Ltd

50,100.00

25,100.00

25,000.00

East Suffolk

Suffolk

Suffolk Coastal

Cross Media Print and Digital

16/07/2020

Solutions

161,500.00

121,500.00

40,000.00

East Suffolk

Suffolk

Waveney

06/08/2020

Spa Pavilion Ltd

121,800

71,800

50,000

East Suffolk

Suffolk

Suffolk Coastal

17/08/2020

We Are Shambles Ltd

54,838.00

27,419.00

East Suffolk

Suffolk

Waveney

04/09/2020

TM Service Audio Visual Ltd

£55,063.00

£27,532.00

£27,531.00

East Suffolk

Suffolk

Suffolk Coastal

21/09/2020

Halesworth Print Finishers Ltd

£147,988.00

£107,988.00

£40,000.00

East Suffolk

Suffolk

Suffolk Coastal

01/06/2020

Clip 'n Climb Ipswich Ltd

54,262.00

27,131.00

Ipswich

Suffolk

Ipswich

16/06/2020

Star Editions Ltd

82,040.00

41,020.00

Ipswich

Suffolk

Ipswich

26/06/2020

Dance East

87,599.00

43,800.00

43,799.00

Ipswich

Suffolk

Ipswich

24/07/2020

Eastern Angles Theatre Company Ltd

50,000.00

25,000.00

Ipswich

suffolk

Ipswich

13/09/2020

Cameron Ventures

£125,200.00

£75,200.00

£50,000.00

Ipswich

Suffolk

South Suffolk

17/09/2020

Primal Raw

£89,112.00

£44,556.00

Ipswich

Suffolk

Central Suffolk and North Ipswich

21/10/2020

Bradleys (Stowmarket) Ltd

£134,381.00

£84,381.00

£50,000.00

Ipswich

Suffolk

Ipswich

21/10/2020

Anglia Indoor Karting (Ipswich) Ltd

£105,343.00

£55,343.00

£50,000.00

Ipswich

Suffolk

South Suffolk

03/11/2020

Green Spark Productions Limited

£58,166.00

£29,083.00

Ipswich

Suffolk

Ipswich

01/07/2020

Brook Street Foodservice Limited

99,523.00

49,762.00

49,761.00

Mid Suffolk

Suffolk

Central Suffolk and North Ipswich

16/07/2020

Bed Down LLP

100,064.00

50,064.00

50,000.00

Mid Suffolk

Suffolk

Central Suffolk and North Ipswich

12/08/2020

DXB Pump and Power Ltd

131,236.00

81,236.00

50,000.00

Mid Suffolk

Suffolk

Central Suffolk and North Ipswich

16/06/2020

Menta

23,750.00

11,875.00

West Suffolk

Suffolk

Bury St Edmunds

28/06/2020

LMK Thermosafe Ltd

160,000.00

110,000.00

50,000.00

West Suffolk

Suffolk

West Suffolk

01/07/2020

Burroughs Direct Mail Limited

86,350.00

43,175.00

West Suffolk

Suffolk

Bury St Edmunds

12/07/2020

Maclin Sourcing Solutions Ltd

52,000.00

26,000.00

West Suffolk

Suffolk

Bury St Edmunds

28/07/2020

Kingfisher Press Ltd

108,950.00

58,950.00

50,000.00

West Suffolk

Suffolk

Bury St Edmunds

29/07/2020

Disposable Medical Instruments Ltd

50,094.00

25,047.00

West Suffolk

Suffolk

Bury St Edmunds

20/08/2020

Leisure Tek (East Anglia) Ltd

70,996.00

35,498.00

West Suffolk

Suffolk

Bury St Edmunds

21/10/2020

TBI Manufacturing Ltd

£130,000.00

£80,000.00

£50,000.00

West Suffolk

Suffolk

West Suffolk

22/10/2020

Precision Marketing Group Ltd

£99,850.00

£49,925.00

West Suffolk

Suffolk

Bury St Edmunds

Suffolk Companies

£3,498,013.00

£2,068,468.00

£1,429,545.00

Total Commitment under LGF

£9,008,765.50

£5,415,161.50

£3,594,054.00

Commitment from the Getting Building Fund

Total Project

Approved date

Company Name

Private Match

Grant Awarded

District

County

Parliamentary Constituency

Cost

09/11/2020

Peerless Plastics and Coatings Ltd

£85,938.00

£51,563.00

£34,375.00

Breckland

Norfolk

South West Norfolk

10/12/2020

Co-Dunkall Ltd

£209,500.00

£159,500.00

£50,000.00

Breckland

Norfolk

Mid Norfolk

22/12/2020

Blue Sky Home Build Ltd

£62,500.00

£37,500.00

£25,000.00

Breckland

Norfolk

Mid Norfolk

01/02/2021

Benchmark FF&E Solutions Ltd

£123,652.00

£74,202.00

£49,450.00

Breckland

Norfolk

Norfolk South West

01/02/2021

STV International Ltd

£99,950.00

£49,950.00

£50,000.00

Breckland

Norfolk

Norfolk South West

17/11/2020

Fielding Cottage Ltd

£100,257.59

£60,154.59

£40,103.00

Broadland

Norfolk

Broadland

International School of Aerospace

06/04/2021

NDT Limited

£109,268.00

£65,561.00

£43,707.00

Broadland

Norfolk

Broadland

12/04/2021

Specialised Toughened Glass Ltd

£110,800.00

£66,480.00

£44,320.00

Broadland

Norfolk

Broadland

23/02/2021

Brass Age Ltd

£135,500.00

£85,500.00

£50,000.00

Norwich

Norfolk

Broadland

10/12/2020

Thermaglow Ltd

£167,882.00

£117,882.00

£50,000.00

Great Yarmouth

Norfolk

Great Yarmouth

22/12/2020

SSAF Windows Ltd

£73,400.00

£44,040.00

£29,360.00

Great Yarmouth

Norfolk

Great Yarmouth

06/04/2021

Scorpion Oceanics Limited

£119,627.00

£71,777.00

£47,850.00

Great Yarmouth

Norfolk

Great Yarmouth

04/11/2020

The Rejuvenation Room Ltd

£82,592.00

£41,296.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

09/11/2020

Manormade Ltd

£109,000.00

£65,400.00

£43,600.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

08/03/2021

Potters (London) Ltd

£115,000.00

£69,000.00

£46,000.00

Kings Lynn & West Norfolk

Norfolk

North West Norfolk

03/11/2020

The Nancy Oldfield Trust Ltd

£50,164.00

£25,082.00

North Norfolk

Norfolk

North Norfolk

30/04/2021

Hidden Talents Operations Ltd

£65,657.00

£39,395.00

£26,262.00

North Norfolk

Norfolk

North Norfolk

03/11/2020

Beattie Passive Group Plc

£68,600.00

£34,300.00

Norwich

Norfolk

Norwich South

09/11/2020

Assessment Microanalytics Ltd

£57,848.00

£28,924.00

Norwich

Norfolk

Norwich South

27/11/2020

Ronaldo Ices Ltd

£87,420.00

£52,452.00

£34,968.00

Norwich

Norfolk

Norwich South

23/12/2020

STR Service Centre Ltd

£99,976.00

£59,986.00

£39,990.00

Norwich

Norfolk

Norwich South

20/03/2021

Gnaw Chocolate Ltd

£113,450.00

£68,070.00

£45,380.00

Norwich

Norfolk

Norwich South

Norfolk Companies

£2,247,981.59

£1,368,014.59

£879,967.00

09/11/2020

Spingold Design & Print Limited

£52,000.00

£31,200.00

£20,800.00

Babergh

Suffolk

South Suffolk

02/03/2021

Cockx Sudbury Limited

£168,478.00

£118,478.00

£50,000.00

Babergh

Suffolk

South Suffolk

19/03/2021

Lavenham Dental

£91,431.00

£54,859.00

£36,572.00

Babergh

Suffolk

South Suffolk

05/11/2020

Oak Hall Media Ltd

£45,500.00

£22,750.00

East Suffolk

Suffolk

Central Suffolk & North Ipswich

24/12/2020

Cogent Technology Ltd

£113,445.00

£68,067.00

£45,378.00

East Suffolk

Suffolk

Suffolk Coastal

03/03/2021

Farmhouse Bakery

£111,521.00

£66,913.00

£44,608.00

East Suffolk

Suffolk

Suffolk Coastal

19/03/2021

Alpine Fabrication Services Ltd

£65,000.00

£39,000.00

£26,000.00

East Suffolk

Suffolk

Waveney

04/11/2020

DTS East Ltd

£80,835.00

£40,418.00

£40,417.00

Ipswich

Suffolk

Ipswich

Central Suffolk and North

23/12/2020

An Accounting Gem

£79,428.00

£53,927.00

£25,537.00

Ipswich

Suffolk

Ipswich

04/05/2021

Red Rose Chain

£125,000.00

£75,000.00

£50,000.00

Ipswich

Suffolk

ipswich

14/04/2021

Mutual Media (UK) LTd

£130,291.00

£80,291.00

£50,000.00

Ipswich

Suffolk

Ipswich

26/11/2020

Agrihire Ltd

£173,571.00

£123,571.00

£50,000.00

Mid Suffolk

Suffolk

Central Suffolk & North Ipswich

Central Suffolk and North

19/03/2021

Tuddeham Press Ltd

£76,250.00

£45,750.00

£30,500.00

Mid Suffolk

Suffolk

Ipswich

29/04/2021

Touchline Group Ltd

£64,239.50

£38,544.50

£25,695.00

Mid Suffolk

Suffolk

Bury St Edmunds

17/11/2020

Leaf Care Group Ltd

£129,700.00

£90,500.00

£39,200.00

West Suffolk

Suffolk

Suffolk west

11/01/2021

Helmsman Storage Solutions Ltd

£210,000.00

£160,000.00

£50,000.00

West Suffolk

Suffolk

Bury St Edmunds

Suffolk Companies

£1,716,689.50

£1,109,268.50

£607,457.00

Total Commitment

under Getting Building

Fund

£3,964,671.09

£2,477,283.09

£1,487,424.00

Total Programme

Commitment 130

£12,973,436.59

£7,892,444.59

£5,081,478.00

Total Norfolk Companies

Supported 79

£7,758,734.09

£4,714,708.09

£3,044,476.00

Total Suffolk Companies

Supported 51

£5,214,702.50

£3,177,736.50

£2,037,002.00

Innovative Projects Fund - 2018 Projects Call

Programme Overview - What is the Innovative Projects Fund

The Innovative Projects Fund is a revenue grant programme that provides funding towards innovative projects to support the delivery of the themes and activities identified in the

Economic and Local Industrial Strategies. The first call of the Innovative Projects Fund was made in October 2018 with a remit to facilitate innovative projects supporting

economic growth and the delivery of the Economic Strategy utilising revenue from the Enterprise Zone Pot C.

What is the Overall Programme Status?

Overall:

Green

7 out of the 7 projects have Offer Letters.

Delivery:

Green

7 out of 7 projects are now in their delivery phase. The Ipswich Cornhill Project has been completed.

Profiled Spend to the end of 2020/21 Quarter 4 was £336,763. Actual spend to the end of quarter 4 was £231,634. Actual Spend to date is

Spend:

Green

£288,409 which is 53.46% of the programme spent.

Outputs:

Green

No accumulated outputs were forecast by the end of Quarter 4.

What are our Key Updates?

There are 7 projects under the 2018 call of the Innovative Projects Fund with a combined allocation and commitment of £539,531.

The value of claims for the first year (2019/20) was 140,001.15.

The value of claims for the second year (2020/21) was £91,362.82

Actual Spend to date is £288,409 (53.46%).

£56,775 has been claimed so far in this financial year. The total project spend to date is £626,886.

Public match funding of £212,142 and Private match funding of £126,336 has been recorded.

What is our Financial Position?

Financials (£ million)

Forecast

Actual

Forecast

Actual

Forecast

Actual

Financial Year

2019/20

2020/21

Q1-21/22

Q2-21/22

Q3-21/22

Q4-21/22

Brought Forward

0.000

0.400

0.308

LEP Allocation

0.540

0.000

Spend [Act/Fcst]

0.170

0.140

0.197

0.092

0.125

0.057

Committed

0.170

0.000

0.197

0.105

0.125

0.068

Carried forward

0.369

0.400

0.203

0.308

0.183

0.251

Expenditure

£600,000.00

£500,000.00

£400,000.00

£300,000.00

£200,000.00

£100,000.00

£0.00

2019/20

2020/21

Q1 - 21/22

Q2 - 21/22

Q3 - 21/22

Q4 - 21/22

Axis Title

Qtrly Forecast

Qtrly Claims

Available IPF

What is our contribution to the Economic Strategy?

Quarter/ year:

(April - May) 2021

Programme

Outputs - cumulative from April 1st 2019 to 10th May 2021 (Quarter 1 2021/22)

Actual to date

Target to 2021

Number of Direct Full-Time Jobs Created

High Value Jobs created

Number of Jobs Safeguarded

Number of businesses created

Number of Businesses Supported (at least 12 hrs of support)

Number of Learners

Number of businesses created

Number of part time jobs created

What is the Project Delivery Status?

Building Supply Chains - NCC: This full grant award has now been paid to this project. The project has been re-profiled. The original objective of the ‘Building Skills Capacity’

project, marketed as ‘Gearing up to Grow’ was to assist local SMEs to enter and support the future onshore part of the Vattenfall (and other wind energy project) supply chains by

raising awareness and understanding the opportunities, enabling them to upskill their staff and create jobs and form consortiums to enable them to bid for projects within the supply

chain. Due to the decision delays to approve the Vattenfall Offshore windfarm (DCO) and the impact of the COVID-19 pandemic, the decision was made to pause the project in

2020, taking the opportunity to revisit the project aims and objectives. Norfolk County Council will now use the remaining project funding to become Phase 1 of a larger project

across the Green Energy sector opportunities that effect the East Anglian workforce and supply chain. The latter requires a time extension to 31st March 2022 to deliver the activity

The new bid includes additional staff time match funding from Suffolk partners to take the project LEP-wide. The re-profile removes skills outputs around upskilling, employee

retention and apprenticeships, but replaces them with measurable STEM based internship placements within energy businesses and the supply chain, and introduces new STEM

Ambassadors with in the industry.

The Ipswich Cornhill Action Plan- Ipswich Central: A claim of £23,712.05 was submitted late for Quarter 3 and a further claim of £2,032.95 was paid in Quarter 4.This project

has been completed. The project attracted £57,391.41 in Public Match Funding and £34,301.74 in Private Match funding. It created 62 new events in the Cornhill, increased

dwell time by 9.75% and created a 27.75% increase in visits to the area.

Growing the Year-Round Economy - Visit East of England: A 5th claim was paid in quarter 1 totalling £21,741. Two data stewards and administrator are now facilitated in an

office with the Affinity Agency who are developing the website. This gives them instant access to developers and client manager and help speed their work. The accommodation

booking API is now functional and VEE is working with partners ‘Staylists’ to encourage more accommodation venues to sign up. The next claim will be the final claim for VEE.

The Catapult - The Catapult Network: The Catapult - The Catapult Network: Andy Holyland based at Orbis Energy in Lowestoft started on 1st January 2020. 5 claims have

been paid to date totalling £34,564. The same total of Private Match has been recorded. A 5th Claim was paid (and included in the latter total) in the second week of April 2021

for £6,875.

Norfolk & Suffolk Offshore Wind Competitiveness Positioning Programme - GYBC: Total project expenditure over two claims to date is £202,614 with a total of £60,581

paid out to GYBC. Total Public match £142,032 has been evidenced. The project is progressing well despit COVID restrictions preventing Offshore / Inward Investment events

from going ahead at present. Much is being done via virtual conferences and meetings.

Fit for Nuclear - West Suffolk College: The project started in 2020. However, due to COVID and Sizewell still awaiting the Final Investment Decision (FID) this project has not

progressed as well as hoped. The project lead (WS College) has indicated that they are confident that there will be an announcement on Sizewell in March/April 2021 and Sizewel

will get its FID. Awaiting a claim from WSC.

Creating Creative Capital - NUA: This project was re-approved by the IAC in October 2019. The project has submitted a signed offer letter and has claimed £20,000 to kick start

the project. This project is being paid in stages. The next payment of £70,000 is expected to be paid in June 2021. A monitoring report has been recieved for the first phase.

What are the Next Steps?

The Programmes Case Worker for the IPF Programme is working with Project Leaders of the 2018 project call to ensure claims and associated monitoring reports are received for

Quarter 1 of 2021/22.

Innovative Projects Fund - 2019 Projects Call

Programme Overview - What is the Innovative Projects Fund

The Innovative Projects Fund is a revenue grant programme that provides funding towards innovative projects to support the delivery of the themes and activities identified in the

Economic and Local Industrial Strategies. The second call of the Innovative Projects Fund was made in October 2019 with a remit to facilitate innovative projects supporting

economic growth and the delivery of the Economic Strategy utilising revenue from the Enterprise Zone Pot C.

What is the Overall Programme Status?

Overall:

Green

16 out of the 18 projects have Offer Letters. 2 projects are finalising details prior to Offer Letter stage.

Delivery:

Green

16 out of 18 projects are now in their delivery phase.

Profiled Grant Spend to the end of Quarter 4 (2020/21) was £400,519. Actual Spend to the end of Quarter 4 was £269,291. Actual Spend

to 10/05/2021 is £301,753.42. It Is pertinent to note that projects take a couple of weeks to compile evidence for the last quarter claims so

Spend:

Amber

the latter figure will accumulate over the next two weeks. A further £14,039.21 is pending approval of payment and claims totalling

£158,298.74 have been notified to the Programmes Case Officer.

Outputs:

Green

No accumulated outputs were forecast by the end of Quarter 4.

What are our Key Updates?

•18 projects have a combined allocation of £1,522,372. However, one project has been completed under budget, total combined allocation is now £1,513,764.64

•16 projects now have their Grant Offer Letters and have commenced.

•£301,753.42 has been claimed to date.

•Private match funding of £124,703 and public match funding of £293,868.14 has been recorded.

What is our Financial Position?

Financials (£ million)

Forecast

Actual

Forecast

Actual

Forecast

Actual

Forecast

Actual

Financial Year

2020/21

Q1 2021/22

Brought Forward

1.522

1.253

LEP Allocation

1.522

0.000

Spend [Act/Fcst]

0.701

0.269

0.210

0.032

Committed

0.701

0.431

0.210

0.177

Carried forward

0.822

1.253

1.043

1.221

Expenditure

2,000,000.00

1,500,000.00

1,000,000.00

500,000.00

2020/21

Q1-21/22

Q2-21/22

Q3-21/22

Q4-21/22

2022/23

Axis Title

Qtrly Forecast

Qtrly Claims

Available IPF

What is our contribution to the Economic Strategy?

Quarter/ year:

4 (Jan - Mar) 2021

Programme

Outputs - cumulative from April 1st 2019 to 31st Dec 2020 (Quarter 3)

Actual to date

Target to 2022

Number of Direct Full-Time Jobs Created

High Value Jobs created

Number of Jobs Safeguarded

Number of businesses created

Number of Businesses Supported (at least 12 hrs of support)

Number of Learners

Number of businesses created

No of Businesses Engaged

Number of part time jobs created

What is the Project Delivery Status?

See Appendix A for project delivery status.

What are the Next Steps?

The Programmes Case Worker for the IPF Programme is working with Project Leaders of the 2019 project call to ensure claims and associated monitoring reports are received for

Quarter 1 of 2021/22.

Appendix 1 - Innovative Projects Fund - Q1 2021-22 Programme Performance Report

Below is an update on all Innovative Projects Fund ‘2019 Call’ Projects, reflecting the

‘Project Delivery Status’ section of the Programme Performance Report.

Ref

Status

Project Name & Project Update

Offer

Letter

Signed &

Returned?

IPF-19-1

GREEN

NCW - Collaboration: Place: Change - £60,952

Percentage of grant Claimed: 27.7%

The National Writing Centre has submitted its third claim for £6,489. Total

now claimed £16,904. The project has created 2 P/T posts and has so far

achieved 15 leadership qualification /learner outputs. A reprofiled budget

has been submitted and approved. The new budget means that the IPF will

retain £11,548 consequently.

IPF-19-2

AMBER

East Suffolk - East Suffolk Smart Towns - £200,000

Percentage of grant Claimed: 0%

In early November, the East Suffolk Team launched their pilot Digital Advice

Service. The pilot enabled ESC an insight for the larger ‘springboard’

programme that forms part of the Innovative Projects Bid for East Suffolk

Smart Towns. The project tendered the contract for diagnostic support for

200 business this month and a first claim is expected next quarter.

IPF-19-3

GREEN

UEA - Sunrise Coast - Seed corn - £11,393

Percentage of grant Claimed: 100%

The project has been completed. The project timeframe was constricted

due to the late release of the UKRI Strength in Places programme guidance

and earlier submission requirement. The UEA took the decision to hire

consultants to undertake delivery. That said, the eventual total project

value was closer to

£32 million

(original estimate

£20million) and if

successful will lead to the direct creation of 21 jobs for the region as part of

the programme and with the potential to support the creation of many

thousands of additional high value jobs. 1 indirect High Value FTE was

created.

IPF-19-4

GREEN

SCC - Culture Drives Growth - £15,000

Percentage of grant Claimed: 46.3%

The New Anglia LEP Culture Board has Commissioned Tom Fleming Creative

Consultancy to deliver the development of the Cultural Strategy.

A 2^nd claim for £5,280 has been submitted and is pending payment.

IPF-19-5

GREEN

Netmatters - SCION Project - £100,000

Percentage of grant Claimed: 44.25% (86.14% with claim 3 paid)

The project has now submitted 3 claims. The first two to the value of

£44,250. A third claim has been submitted for £41,890 and is pending

payment (awaiting further information). The value of Match Funding to

date including the pending claim 3 is £137,000. It has created 42 learner

positions/opportunities. 7 of the students are now in FT Employment.

IPF-19-6

RED

South Norfolk DC - SETI - £28,750

Percentage of grant Claimed: 0%

Awaiting confirmation of project profile before proceeding to Offer Letter

Stage.

IPF-19-7

GREEN

Innovation Labs Stowmarket - £45,000

Percentage of grant Claimed: 63.76%

£28,694 has been claimed by Innovation Labs towards the virtual tenancy

and the two interactive platforms. £8,694 of Private match has been

recorded. Peter Brady is progressing well on the academy training

programme, New labs venues, Virtual memberships and the 2 new website

Platforms.

IPF-19-8

GREEN

CNTC - NAAME - £180,700

Percentage of grant Claimed: 0%

Led by Broadland District Council - the project is underway, and the first

claim is pending payment (awaiting a claim signature from the project

lead). Claim amount is £103,660 - 57.2%.

IPF-19-9

GREEN

NCC - Norwich Good Economy Project - £50,000

Percentage of grant Claimed: 0%

This project has received the Offer Letter from SCC and is preparing to sign

and submit a first claim. First claim will be for £7,469 14.9%.

IPF-19-10

RED

SCC - Innovation Hub within Transport Strategy - £140,000

Percentage of grant Claimed: 0%

Awaiting confirmation of project profile before proceeding to Offer Letter

Stage.

IPF-19-11

GREEN

TCHC - VG Incubator - £120,000

Percentage of grant Claimed: 48.45%

This project is progressing well. There are 28 students on the programme

at present. The target for the project is 80. The project is receiving very

good feedback - notably one team of students will be meeting with games

giant ‘Ubisoft’ to discuss their Indie game.

IPF-19-12

GREEN

NCC - Innovate UK Mentoring Project - £96,000

Percentage of grant Claimed: 54.40% (58.7% Once pending claim paid)

This project has submitted its second claim. An upfront payment was

made in December totalling £50,760. A second payment (first claim) of

£1,466 was made in February. A third claim for £4098 is pending payment.

The project is progressing well. A panel of businesspeople with Innovative

grant success have been enlisted to support forthcoming Innovate UK

applicants. 4 businesses are currently being supported.

IPF-19-13

AMBER

Coderus - LOCKE - £59,000

Percentage of grant Claimed: 0%

This is a private sector led project that expressed a wish to delay the

project by 6 months due to COVID. A referral to New Anglia Capital Group

and the Innovate UK Mentoring Group has been recommended to Coderus

for additional match funding.

IPF-19-14

GREEN

Catapult - F4ORE - £75,000

Percentage of grant Claimed: 43.8%

The project has made a third claim and identified the 10 businesses to

start the Fit 4 Offshore qualification. The project has benefited from

addition NSF grant funding too to increase the number of businesses by 5.

IPF-19-15

GREEN

BCKLWN - GAME ON - £65,000

Percentage of grant Claimed: 23.67%

The project has made a third claim. The core team has been hired and

pre-production work has commenced. Production started in January. The

main event will now take place in October shouldering the Norwich and

Norfolk Festival Season (2022).

IPF-19-16

GREEN

First Light Lowestoft - £71,034

Percentage of grant Claimed: 30.31%

The project has made a third claim. A comprehensive communications

plan has been created. The project delivered the Fiery Sun Winter Solstice

event - it was streamed over the solstice weekend on the 19/20/21^st

December. The project will not hold its ‘open air’ beach festival as planned

in 2021 but will run a series of events called the longest days of Summer

delivered under COVID restrictions.

IPF-19-17

GREEN

NCC - Celebrating Culture - £84,388

Percentage of grant Claimed: 6.67%

Item 9 - Growing Places Fund Performance Report

Programme Overview - What is the Growing Places Fund?

• Programme duration under Growth Deal funding: 2015 - 2021.

• Value: £35m. This is the £35m Growing Places Fund element of the Growth Deal. Completed projects date back to previous funding from 2012.

• Invested £22.7 million loan capital in region’s infrastructure, sectors and growth locations. £13 million of grants provided to projects demonstrating significant regional

or local economic benefit.

• Contribution to the Economic Strategy: The fund has leveraged £147m of public investment and £153m of private investment, created 1475 new jobs, 468 new homes,

created 18,703 square metres of industrial space, provided premises for 112 new businesses to be created, supported 45 capital investment projects, and 6 sector

developments in the private and public sector.

What is the Overall Programme Status?

Red

Loans position

Winerack and Malthouse both with IAC agreed variations due to covid economic slowing.

Amber

Grants position

Grants under review with existing projects to understand effect of Covid 19 and likely knock on of drawdown into 21/22.

Outputs

Amber

Output delivery under review.

achieved

What is our financial position?

Financials (£ millions)

Actual

Forecast

Total

2021/22 or

Financial Year

2015/16

2016/17

2017/18

2018/19

2019/20

2020/21

later

Brought Forward

0.000

2.729

4.415

1.524

4.849

8.965

Repaid

0.000

2.088

1.597

1.031

2.129

2.530

4.883

14.257

Gov Allocation

7.967

4.092

2.790

3.720

6.646

0.000

28.935

Spend [Act/Fcst]

-7.967

-3.451

-2.701

-7.641

-2.524

-5.060

0.000

-29.344

Carried forward

0.000

2.729

4.415

1.524

4.849

8.965

13.848

What is our contribution to the Economic Strategy?

Programme performance to date

Outputs - cumulative from April 2012 to Quarter 4 2021

Actual to date

New homes built

468

New jobs created

1,749

Industrial Space created (m2)

18,157

New businesses created through provision of premises

112

Capital Build projects supported

Sector Developments supported

Match Funding - Public (£m)

147

Match Funding-Private (£m)

153

Total Match (£m)

300

What is the Project Status?

Current status of all projects.

Overall

Purple

Red

Amber

Green

Blue

status

Pipeline

At risk

Claim stage

Live

Complete

Total

Change

-1

What are the next steps?

Continue to review effect of Covid 19 on current loan and grant arrangements.

Ensure payback returns contribute to LEP finances.