(b) Food Forensics Limited - Agreed to Support
Approved Grant: £36,980
Condition applied: Grant not to be paid until long-term match-funding is confirmed
Six jobs to be created
(c) Renvale Limited - Agreed to Support
Approved Grant: £184,552
No additional conditions
Ten jobs to be created
Small Grant Scheme Update
The Panel noted the award of thirteen Small Grants in the month of March 2018, totalling £78,668
(Grants Awarded) - See Appendix 1.
Funding and Jobs Creation
BH advised committed spend stands at £1.9 million, leaving approx. spend of £800/£900k.
Panel highlighted the need to make Chris Starkie/Chris Dashper aware that potentially the current pots of
funds are almost all allocated and there is a healthy pipeline. This will be raised and discussed at the
Programmes Team Meeting which is held monthly.
Cumulative confirmed job creation now stands at 1,867 (+36), with an additional 26 jobs (+4) created
from the Small Grant Scheme.
A general discussion took place on job creation.
Updates on Approved Grants
GBF Applications ‘Pipeline’
AC provided brief details of applications in progress.
JWe advised of two new Expressions of Interest being processed by the Growth Hub.
There is a meeting planned in June, which is likely to have three, possibly four, applications; a meeting
planned for July and there is, at the moment, a meeting pencilled in for August.
JWe provided an update. PR and marketing is ongoing, with profile raising being the priority. The new
Growth Hub website will be launched next month.
It was noted that all three of the applications approved today would make very good case studies.
GBF/SGS statistics were circulated circulated for information - see Appendix 1. Discussion on grant
demographics took place. It was noted that the statistics are useful indicators to help in targeting areas
where it is becoming evident no/few grants are being awarded.
Forthcoming meetings - if there are no applications forthcoming then there will be no meeting. JWe to
inform Panel members if this is the case.
Recruitment - MB advised that two members are required to join the Panel - candidates with either a
financial, legal or HR background preferable.
The meeting closed at 11.10am
Next Meeting:
Wednesday, 06 June 2018 |10.00am - 12.30pm
Center Parcs, Elveden, Suffolk