The Panel noted the revised ‘Guidance for Applicants’ and ‘Guidance for New Anglia Business Growth
Advisers’ documents, which are to become effective from 1 April 2018.
New Applications for Approval
a) Benthic Solutions Ltd – Approved Grant £240,000
No additional conditions, twelve jobs to be created.
b) Fountain Foods Ltd – Approved Grant £98,081
No additional conditions, seven jobs to be created, de-minimis award
c) Polar Manufacturing Ltd – Approved Grant £171,320
Property Lease to be in place before the grant is defrayed, 25 jobs to be created
Jeanette Wheeler left the room whilst this was discussed
Small Grant Scheme Update
The Panel noted the award of seventeen Small Grants in the month of January, totalling £224,293. See
appendix 1
Funding and Jobs Creation
Barry Henson advised that £2.262m of grant funding has been defrayed in this financial year. Including
today’s approvals, a further £2.069m is committed, making £4.331m in total, effectively overcommitting
the 2017-18 allocation by £727k. With further expected applications, 2018-19 should have a very strong
start.
Cumulative confirmed job creation now 1,785, an increase of 44 since last reported in January.
Updates on Approved Grants
Barry Henson provided brief updates on four grant projects.
GBF Applications ‘Pipeline’
Neil Sargent and Amanda Castell provided brief details of applications in progress, and Julie West
advised of four new Expressions of Interest being processed by the Growth Hub.
Chris Dashper and Julie West outlined significant changes to both LEP and Growth Hub websites, and
arrangements in hand for further Case Studies to be published, including some video content.
None.
The meeting closed at 12.20pm.
Next Meeting:
Wednesday 4 April 2018, 10.00am - 12.30pm
Constantine House, Ipswich