New Anglia Local Enterpri
se Partnership
Investment Appraisal Committee
Wednesday 26
th
January 2022
TEAMS Meeting
9am to 9:45am
Agenda
No. Item
1. Welcome
Main Agenda
2. Apologies
3. Declarations of Interest
4. Minutes of previous meetings – 24
th
November & 9
th
December 2021
5. Horizon Paper and GPF repayments – Confidential
Reporting: Growing Business Fund
6,
6a-c
Growing Business Fund Programme Performance Report and GBF, SGS and
GTI grant award appendices
6d
Growing Business Fund - Grants by district supported by Growth Deal -
Confidential
6e Growing Business Fund programme graphs
Reporting: Resilience and Recovery Fund
7, 7a Resilience and Recovery Programme Performance Report
7a Resilience and Recovery Programme grant award graphs - Confidential
Reporting: Innovative Projects Fund Calls 1 &2
8a,8b
8c
IPF Calls 1 & 2 Programme Performance Report and IPF 2 project RAG rating
appendix
Items for discussion
9.
Committee decisions for review and update: Large Company Grant Scheme
and Innovative Projects Fund - Confidential
Other
10. Any Other Business
Committee Members
Cllr David Ellesmere Ipswich Borough Council
Andrew Proctor Norfolk County Council
Sandy Ruddock Scarlett and Mustard
Alan Waters Norwich City Council
Dominic Keen High Growth Robotics
Kathy Atkinson Kettle Foods Ltd
Martin Williams Williams Business Advisory
Exec Members
Rosanne Wijnberg New Anglia LEP
Chris Dashper New Anglia LEP
Iain Dunnett New Anglia LEP
Date and time of next meeting: Wednesday 23 February 2022 9-9:45am
Venue: TEAMS Meeting
Page 1 of 2
New Anglia Investment Appraisal Committee
Public Meeting Minutes (Unconfirmed)
24
th
November 2021
Present:
Committee Members
Kathy Atkinson (KA)
Kettle Foods
David Ellesmere (DE)
Ipswich Borough Council
Dominic Keen (DK)
High Growth Robotics
Andrew Proctor (AP)
Norfolk County Council
Alan Waters (AW)
Norwich City Council
Martin Williams (MW)
Independent IAC Member
In Attendance
Rosanne Wijnberg (RW)
New Anglia LEP
Chris Dashper (CD)
New Anglia LEP
ID
Helen Wilton (HW)
New Anglia LEP
Melanie Richardson (MR)
New Anglia LEP
ACTIONS
Welcome from the Chair
David Ellesmere (DE) welcomed everyone to the meeting. It was agreed that item 9 would be addressed
first on the agenda as MW had to leave the meeting early.
Apologies
None
Declarations of Interest
AP noted that NCC was mention in the papers for Item 9 but confirmed he did not have an ongoing
interest in the One Farm project.
Minutes of previous meeting 22
nd
September 2021
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 and GBF, SGS and GTI and grant
award appendices
CD confirmed that as of 23
rd
November £2.2m has been spent with a further £900k committed leaving
just under £1m to commit. Ad hoc GBF panels are being set up to consider projects which can use the
spend in time.
GBF and R&R both have time limited budgets therefore progress of the projects is being carefully
managed.
SGS has been paused until January to allow time to monitor existing grant approvals and complete the
Page 2 of 2
process for extending the scheme which will restart in January 2022.
Enquiries to GTI have dropped and a change request is being submitted to amend the programme to
allow for more approvals.
The Committee agreed:
• To note the content of the report
Resilience and Recovery Programme Performance Report
CD advised that £187k is available to spend and the scheme is being used as a possible alternative to
GBF as if projects are not suitable to receive those funds.
CD noted that the contract with Finance East ends in December but will need to be extended to the end
of the financial year.
CD presented the new style report format and it was agreed that the GBF would be shown in the same
way next month.
The Committee agreed:
• To note the content of the report
IPF Calls 1 & 2 Programme Performance Report and IPF 2 project RAG rating appendix
CD reiterated that the projects had been significantly impacted by the pandemic but generally were
processing. The Amber ratings largely relate to administrative and recruitment issues but were still
proceeding. Spend profiles are being reached and claims are being processed.
The Committee agreed:
• To note the content of the report
Growing Places Fund Investment update, One Farm - Confidential
•
AOB
None
Growing Business Fund Performance Report - 30th November 2021
Programme Overview - What is the Growing Business Fund?
What is the overall Programme Status?
Finance
Green
Outputs
Green
Delivery
Green
What are our key updates?
What is our financial position?
Financials (£ million)
Year 2013 to 2016 2016/2017 2017/2018 2018/2019 2019/2020 2020/2021 2021/2022 Total
Profile Spend (£m)
£12.000 £3.536 £3.050 £5.096 £4.121 £2.790 £3.939 £34.532
Actual Spend (£m)
£11.999 £3.001 £3.049 £4.764 £2.533 £2.815 £2.278 £28.161
Remaining Spend (£m)
£0.001 £0.535 £0.001 £0.331 £1.588 -£0.025 £1.661 £4.091
What is our contribution to the Economic Strategy?
Target
Actual to end of
March 2022
Monthly Change Shortfall Notes
£2,088,159 £442,261 -£2,088,159
£23,305,722 £3,421,003
-£23,305,722
160.5 24.0
-161
£3,939,883
£2,278,380 £211,461
£1,661,503
£8,600,000
£16,382,848 £1,221,654
-£7,782,848
107
148.0 28.0
-41
What is the project status?
Number of
Projects
Approved
Grants
Approved
Private
Match
Total Project
Costs
Jobs to be Created
3 £235,899 £1,018,543 £1,254,442 58.0
1 £100,000 £1,654,600 £1,754,600 10.0
154 £17,747,250 £122,929,626 £140,676,877 1810.5
6 £520,000 £2,166,000 £2,686,000 38.5
23 £2,395,631 £14,518,518 £16,914,149 245.5
30 £3,170,677 £55,251,088 £58,421,765 406.5
10 £1,002,601 £6,016,625 £7,019,226 114.0
5 £372,000 £2,342,138 £2,714,138 45.5
11 £753,200 £3,792,342 £4,545,542 76.0
1 £30,000 £79,425 £109,425 3.0
1 £100,000 £232,500 £345,000 10.0
26 £3,207,666 £20,880,393 £24,088,059 313.6
20 £1,660,100 £9,434,097 £11,094,197 200.0
1 £20,000 £102,191 £122,191 4.0
1 £31,580 £126,320 £157,900 3.5
8 £502,921 £3,159,776 £3,662,697 55.5
2 £320,000 £4,737,413 £5,057,413 32.0
303 £32,169,525 £248,441,595 £280,623,621 3,426.1
What are the next steps?
Since its inception the Growing Business Fund has created 3,426 jobs and this year a further 148 full time jobs to be created
Pipeline is now buoyant, with interest in some larger size grant applications and additional panel meetings taking place to consider applications quickly
Launched in April 2013, the Growing Business Fund provides grants for businesses to enable growth, an increase productivity and job creation.
Capital grants are available between £25,000 and £250,000 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, this year we began with £2.15m, and has been further topped up to £4,044,931.66
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 .
This financial year the scheme has defrayed to date £2,278,380 and there is a commitment of £2,088,159
Value of grants approved
Value of private sector match approved
Number of New Jobs to be Created
Value of grants claimed
J - Information and Communication
Private sector match funding drawn down
B - Mining and Quarrying
F - Construction
G - Wholesale and retail trade; repair of motor vehicles and motorcycles
H - Transportation and Storage
The following table shows grants approved by sector since the start of the programme in 2013/14
Number of New Jobs Created
Sector
A - Agriculture, Forestry and Fishing
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 attracting interest despite COVID-19, we are seeing confidence in that some businesses submitting grant applications.
There is a buoyant pipeline of medium size businesses with 50 ish staff who are planning their growth over the next few months and can complete their grant draw down before the end of March 2022
Covid and EU Exit has affectd some businesses who are actively growing and seizing every opportunity to expand including securing new premises and recruiting additional staff and these we can support via GBF
Outputs April 2021 to March 2022
GBF has been really successful, its still the main growth grant available to businesses in Suffolk and Norfolk
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.
K - Financial and Insurance Activities
S - Other Service Activities
I - Accommodation and Food Service Activities
Total
N - Administrative and Support Service Activities
L - Real Estate Activities
M - Professional, Scientific and Technical Activities
P - Education
Q - Human Health and Social Work Activities
R - Arts, Entertainment and Recreation
C - Manufacturing
E - Water supply, sewerage, waste management and remediation activities
Q1-21/22 Q2-21/22 Q3-21/22 Q4-21/22
Quarterly Forecast
£0.702 £0.705 £1.405 £0.605
Quarterly Spend
£0.702 £0.668 £0.909 £0.000
Variance
£0.000 £0.037 £0.495 £0.605
0
1
2
2020/2021 Expenditure Profile
Approval
Date
Company Name
Grant
Awarded
Business Size Reason for Support
Apr-21 No approvals in April
May-21
Flexion Global Ltd
£194,700 Small Capital investment to support business growth
May-21
Two Magpies Food Company Ltd
£44,000 Small Capital investment to support business growth
May-21
Broadland Radiators & Heat Exchangers Ltd
£25,800 Small Capital investment to support business growth
Jun-21
The Essentials Company
£28,369 Small Capital investment to support business growth
Jun-21
Weco Engineering Ltd
£60,000 Small Capital investment to support business growth
Jun-21
Albert Bartlett Ltd
£500,000 Large Capital investment to support business growth
Jul-21
Mirus Aircraft Seating Ltd (3)
£250,000 Small Capital investment to support business growth
Jul-21
Lockwood Packaging Ltd (2)
£96,300 Small Capital investment to support business growth
Aug-21
No approvals in August
Sep-21
Advanced Engineering (UK) Ltd (2)
£109,200 Small Capital investment to support business growth
Sep-21
Eurowork Space Ltd
£79,866 Small Capital investment to support business growth
Sep-21
Universal Control Equipment Ltd
£40,000 Medium Capital investment to support business growth
Oct-21
Thompson Packaging Ltd
£208,727 Small Capital investment to support business growth
Nov-21
DXB Pump and Power Ltd
£102,261 Small Capital investment to support business growth
Nov-21
Skar Precision Mouldings Limited
£220,000 Medium Capital investment to support business growth
Nov-21 New Form Construction Ltd £120,000 Small Capital investment to support business growth
Dec-21 Harford Attachments £28,283 Small Capital investment to support business growth
Dec-21 Dunnella Ltd £38,568 Small Capital investment to support business growth
Dec-21 Creative Image Management Ltd £54,200 Small Capital investment to support business growth
Dec-21 Gnaw Chocolate Ltd £91,400 Small Capital investment to support business growth
Dec-21 Laser Patterns Ltd £120,000 Small Capital investment to support business growth
Total for Growing Business Fund £2,411,674
New Anglia LEP
Growing Business Fund
Grant Approvals - April 2021 to March 2022
Date
Approved
Company Name
Grant
Awarded
Business
Size
Reason for Support
Apr-21 Plantscape Tree Services Ltd £7,951
Micro
Capital investment to support business growth
Apr-21 East Anglian Sea School Ltd £4,000
Micro
Capital investment to support business growth
Apr-21 Freeclix Ltd £10,508
Micro
Capital investment to support business growth
Apr-21 Travel Photographer of the Year Ltd (2) £2,372
Micro
Capital and revenue investment to support business growth
Apr-21 Synergy15 Ltd £3,520
Micro
Capital investment to support business growth
May-21 No approvals in May
Jun-21 Proteome Ltd £2,616
Micro
Capital investment to support business growth
Jun-21
Ethnic Fusion Fine Foods Ltd
£2,115
Micro
Capital investment to support business growth
Jun-21 Van Driel Engineering Ltd £5,503
Small
Capital investment to support business growth
Jul-21 Resound Sound Ltd £2,260
Micro
Capital investment to support business growth
Jul-21 SwitchboardFREE Ltd £1,585
Small
Capital investment to support business growth
Jul-21 Titchmarsh & Goodwin Fine Furniture Ltd (3) £2,611
small
Capital investment to support business growth
Jul-21
Acorn Target Systems Ltd
£2,177
Micro
Capital investment to support business growth
Jul-21 ADP Ltd £2,349
Small
Capital investment to support business growth
Jul-21 Geotekk Ltd £2,869
Micro
Capital investment to support business growth
Aug-21 Olympic Construction (Norfolk) Limited £19,640
Micro
Capital investment to support business growth
Sep-21 No approvals in September
Oct-21 No approvals in October
Nov-21 No approvals in November
Dec-21 No approvals in December
Total for Small Grant Scheme £72,076
Small Grant Scheme
Grant Approvals April 2021 to March 2022
Approval
Date
Company Name
Grant
Awarded
Business
Size
Reason for Support
Apr-21
PG Products Ltd £16,048 Small Revenue investment to support R&D or Innovation
Apr-21
Raptor Aerospace Ltd £25,000 Micro Capital and Revenue investment to support R&D or Innovation
Apr-21
UroPharma Ltd £12,065 Micro Revenue investment to support R&D or Innovation
Apr-21
FamilyCarersNet Ltd £24,750 Micro Revenue investment to support R&D or Innovation
Apr-21
Bed-Down LLP £22,016 Small Revenue investment to support R&D or Innovation
Apr-21
Make An impact CIC £8,100 Micro Revenue investment to support R&D or Innovation
May-21
IKON Training Limited £8,000 Small Revenue investment to support R&D or Innovation
Jun-21
We Love Pets £8,500 Micro Revenue investment to support R&D or Innovation
Jul-21
No approvals in July
Aug-21 No approvals in August
Sep-21
RSR Technology Ltd
£12,276 Micro
Revenue investment to support R&D or Innovation
Oct-21
No approvals in October
Nov-21 CeraPhi Energy Ltd £23,400 Micro
Revenue investment to support R&D or Innovation
Dec-21 ARC Integrated Systems Ltd £15,114 Micro
Revenue investment to support R&D or Innovation
Total for Growth Through innovation £175,269
New Anglia LEP
Growth Through Innovation
Grant Approvals - April 2021 to March 2022
Growing Business Fund (£25,000 - £500,000 grants)
Statistics for the period of April 2013 - December 2021
51,900,902
3,360,195
11,135,999
20,015,806
11,489,899
Private Investment (£) - Suffolk
Babergh
Ipswich
Mid Suffolk
West Suffolk
East Suffolk
24,561,911
18,515,553
16,922,020
15,011,271
21,678,562
18,630,881
36,663,317
Private Investment (£) - Norfolk
Breckland
Broadland
Great Yarmouth
King's Lynn &
West Norfolk
North Norfolk
Norwich
South Norfolk
19
8
20
31
38
Number of grants awarded - Suffolk
Babergh
Ipswich
Mid Suffolk
West Suffolk
East Suffolk
38
28
25
28
15
21
37
Number of grants awarded - Norfolk
Breckland
Broadland
Great Yarmouth
King's Lynn &
West Norfolk
North Norfolk
Norwich
South Norfolk
258.5
59.0
198.5
347.0
233.0
Jobs to be created - Suffolk
Babergh
Ipswich
Mid Suffolk
West Suffolk
East Suffolk
367.0
458.5
179.5
293.5
173.6
277.5
604.0
Jobs to be created - Norfolk
Breckland
Broadland
Great Yarmouth
King's Lynn &
West Norfolk
North Norfolk
Norwich
South Norfolk
2,357,079
580,306
1,985,116
3,303,576
2,305,305
Awarded Grants Value (£) - Suffolk
Babergh
Ipswich
Mid Suffolk
West Suffolk
East Suffolk
3,466,078
3,696,875
2,300,440
3,106,502
2,009,643
2,715,458
4,675,598
Awarded Grants Value (£) - Norfolk
Breckland
Broadland
Great Yarmouth
King's Lynn &
West Norfolk
North Norfolk
Norwich
South Norfolk
GBF Grants Awarded
Sum of Grant
Awarded
Sum of Private
Match
Sum of Total
Project
Cost
Sum of
Project
Approved
Sum of
FTE
Norfolk
Breckland 3,466,078 24,561,911 28,027,989 38 367.0
Broadland 3,696,875 18,515,553 22,212,428 28 458.5
Great Yarmouth 2,300,440 16,922,020 19,222,460 25 179.5
King's Lynn & West Norfolk 3,106,502 15,011,271 18,117,773 28 293.5
North Norfolk 2,009,643 21,678,562 23,688,205 15 173.6
Norwich 2,715,458 18,630,881 21,346,339 21 277.5
South Norfolk 4,675,598 36,663,317 41,338,915 37 604.0
Norfolk Total 21,970,594 151,983,515 173,954,109 192 2353.6
Suffolk
Babergh 2,357,079 51,900,902 54,257,981 19 258.5
Ipswich 580,306 3,360,195 3,940,501 8 59.0
Mid Suffolk 1,985,116 11,135,999 13,121,115 20 198.5
West Suffolk 3,303,576 20,015,806 23,319,382 31 347.0
East Suffolk 2,305,305 11,489,899 13,807,704 38 233.0
Suffolk Total 10,531,382 97,902,801 108,446,683 116 1096.0
Norfolk Total 21,970,594 151,983,515 173,954,109 192 2,353.6
Suffolk Total 10,531,382 97,902,801 108,446,683 116 1,096.0
Total 32,501,976 249,886,316 282,400,792 308 3,449.6
Norfolk Total
68%
Suffolk Total
32%
Awarded Grants Value (£)
Norfolk Total
Suffolk Total
Norfolk Total
61%
Suffolk Total
39%
Private Investment(£)
Norfolk Total
Suffolk Total
Norfolk Total
62%
Suffolk Total
38%
Number of grants awarded
Norfolk Total
Suffolk Total
Norfolk
Total
68%
Suffolk Total
32%
Jobs to be created
Norfolk Total
Suffolk Total
Business Resilience and Recovery Programme
Pro
g
ramme Overview - What is the Business Resilience and Recover
y
Pro
g
ramme
.
What is the Overall Pro
g
ramme Status
?
Overall:
Green
Delivery:
Green
Spend:
Green
Outputs:
Green
What are our Ke
y
U
p
dates
?
What is our Financial Position
?
Forecast Actual
Actual Actual Actual
Actual Actual Actual
2020/21 Qtr 1 2020/21 Qtr 2 2020/21 Qtr 3 2020/21 Qtr 4 2020/21 Qtr 1 2021/22 Qtr 2 Actual Qtr 3 Actual
00
£3,500,000.00 £3,500,000.00 £2,709,864.00 £3,144,185.00 £1,808,546.00 £1,330,036.00 £382,070.00 £94,344.00
£3,500,000.00 £290,639.00 £1,047,528.00 £1,375,853.00 £691,832.00 £699,315.00 £595,848.00 £216,015.00
£3,500,000.00 £790,136.00 £2,189,359.00 £1,335,639.00 £478,510.00 £547,966.00 £287,726.00 £5,880.00
£101,400.00
£3,500,000.00 £2,709,864.00 £520,505.00 £1,808,546.00 £1,330,036.00 £782,070.00 £94,344.00 £189,864.00
What is our contribution to the Economic Strategy?
Quarter/ year:
2020/21 QTR 1 2021/22 QTR 2 2021/22 QTR 3 2021/22
Total
201
15 21 -2 235
2846.5
300 174 -35.5 3,285
£7,455,396.09
£1,081,297.51 £600,659.00 -£4,818.00 £9,132,534.60
£0.00
£0.00 £0.00
TBC
TBC TBC
What is the Project Delivery Status
?
What are the Next Steps
?
Commercial Floor Space (SqM)
•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.
•144 businesses have now been supported, the most recent being ‘D C Engineering (East Anglia) Ltd’, awarded £41,880.
•Total R&R grant value awarded to date is £5,635,216 with a total projects value of £14,767,751. Private match of £9,132,535 has been committed. £4,917,0311 has been paid out to 134
businesses (119 have had their final payments).
•Unallocated funding (including underspend of £101,400) is £189,864.
•Investment in these 144 businesses will create 235 FTEs and safeguard 3285.5.
•Of the 144 businesses supported, 87 are in Norfolk (£3,375,329) and 57 are in Suffolk (£2,259,887).
•3 business applications are in the pipeline with a total grant ask of £141,850, applications are being monitored and will be approved on a first come first served basis.
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
year (LGF - £3,500,000). The programme has now started allocating funds from the Get Building Fund allocation (£2,623,680).
£400,000 was transferred to GBF in quarter 2. £5,635,216 has been awarded to 144 projects, representing 98.45% of the total programme budget.
£4,917,031 has been paid out to 133 businesses (119 of which have had their final payments). NB: Not every business receives an upfront
payment.
£ 5,635,216 has been awarded to 144 projects. The has enabled 144 businesses and their associated supply chains to start the journey to recover
from the consequences of COVID-19 restrictions. 235 FTEs have been created and 3285.5 FTEs have been safeguarded.
Underspend
LGF Committed = £3,542,389 (Allocating grant awards in full to one fund means that the t
otal exceeds £3,500,000 LGF allocation slightly).
•91 businesses supported in total
Getting Building Fund Committed – £2,092,827
•53 businesses supported in total
Qtr 4- 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.
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 10/01/2022
Private Match (£)
Outputs – cumulative from 04/05/2020 to 13/12/2021
Financial Year
Number of Direct Full-Time Jobs Created
Committed
Carried forward
Financials (£ million)
Brought Forward
LEP Allocation
Spend [Act/Fcst
]
Number of Direct Full-Time Jobs Safeguarded
The Business Resilience and Recovery scheme has supported 144 businesses to date, (awarding £5,635,216). 133 businesses have received
initial payments (£2,553,583) and 119 have had their final payments (£2,363,448). £4,917,031 paid out in total. 3 businesses have withdrawn from
the scheme (the 'businesses supported' figure accounts for this).
Public Match (£)
£0.00
£1,000,000.00
£2,000,000.00
£3,000,000.00
£4,000,000.00
Q1‐20/21 Q2‐20/21 Q3‐20/21 Q4‐20/21 Q1‐21/22 Q2‐21/22
R&RAllocation
AxisTitle
BusinessResilienceandRecoveryProgramme
Qtrlyawarded QtrlyClaims R&RBudgetAllocated
Thisfigurecombinesthebalanceofthe
LGF(£520,505)andtheadditional
£2,623,680fromtheGetBuildingFund
Business Resilience & Recovery Scheme (£25,000 - £50,000 grants)
Statistics for the period of April 2020 - 10th January 2022
895,563
759,750
944,756
818,819
388,928
Private Investment (£) - Suffolk
Babergh
Ipswich
East Suffolk
West Suffolk
Mid Suffolk
1,119,098
980,866
778,680
278,761
450,984
308,549
1,407,782
Private Investment (£) - Norfolk
Breckland
Norwich
Broadland
South Norfolk
North Norfolk
Great Yarmouth
Kings Lynn & West
Norfolk
10
14
15
12
6
Number of grants awarded - Suffolk
Babergh
Ipswich
East Suffolk
West Suffolk
Mid Suffolk
16
13
12
8
10
4
24
Number of grants awarded - Norfolk
Breckland
Norwich
Broadland
South Norfolk
North Norfolk
Great Yarmouth
Kings Lynn & West
Norfolk
3.0
12.0
11.0
15.0
1.0
Jobs to be created - Suffolk
Babergh
Ipswich
East Suffolk
West Suffolk
Mid Suffolk
32.0
86.0
10.0
9.0
34.0
1.0
21.0
Jobs to be created - Norfolk
Breckland
Norwich
Broadland
South Norfolk
North Norfolk
Great Yarmouth
Kings Lynn &
West Norfolk
372,021
551,543
574,694
505,673
255,956
Awarded Grants Value (£) - Suffolk
Babergh
Ipswich
East Suffolk
West Suffolk
Mid Suffolk
647,665
495,190
490,446
246,808
377,432
177,210
940,578
Awarded Grants Value (£) - Norfolk
Breckland
Norwich
Broadland
South Norfolk
North Norfolk
Great Yarmouth
Kings Lynn & West
Norfolk
382.0
205.6
140.0
248
135.0
103.0
792.0
Jobs Sustained - Norfolk
Breckland
Norwich
Broadland
South Norfolk
North Norfolk
Great Yarmouth
Kings Lynn &
West Norfolk
231.4
303.0
352.0
310.5
83.0
Jobs Sustained - Suffolk
Babergh
Ipswich
East Suffolk
West Suffolk
Mid Suffolk
BR&R Grants Awarded
Row Labels
Sum of Grant
Awarded
Sum of Private
Match
Sum of Total
Project Cost
Sum of
Project
Approved
Sum of
FTE
Created
Sum of
FTE
Sustained
Sum of
New
product
to be
created
Norfolk
Breckland
647,665 1,119,098 1,766,763 16 32.0
382.0 6
Norwich
495,190 980,866 1,476,056 13 86.0
205.6 1
Broadland
490,446 778,680 1,269,126 12 10.0
140.0 5
South Norfolk
246,808 278,761 525,569 8 9.0
248 8
North Norfolk
377,432 450,984 828,416 10 34.0
135.0 2
Great Yarmouth
177,210 308,549 485,759 4 1.0
103.0 0
Kings Lynn & West Norfolk
940,578 1,407,782 2,348,360 24 21.0
792.0 10
Norfolk Total
3,375,329 5,324,719 8,700,048 87 193.0
2005.6 32
Suffolk
Babergh
372,021 895,563 1,267,584 10 3.0
231.4 6
Ipswich
551,543 759,750 1,311,293 14 12.0
303.0 6
East Suffolk
574,694 944,756 1,519,450 15 11.0
352.0 8
West Suffolk
505,673 818,819 1,324,492 12 15.0
310.5 5
Mid Suffolk
255,956 388,928 644,884 6 1.0
83.0 3
Suffolk Total
2,259,887 3,807,815 6,067,702 57 42.0
1279.9 28
(blank)
(blank)
3542389 5051858.5 8594247.5 0 0.0
0 2
(blank) Total
3542389 5051858.5 8594247.5 0 0.0
0 2
Grand Total
9,177,605 14,184,393 23,361,998 144 235.0
3285.5 62
Norfolk Total
3,375,329 5,324,719 8,700,048 87 193 2,006 32
Suffolk Total
2,259,887 3,807,815 6,067,702 57 42 1,280 28
Total 5,635,216 9,132,535 14,767,751 144 235 3,286 60
6
1
5
8
2
0
10
New Products to be created - Norfolk
Breckland
Norwich
Broadland
South Norfolk
North Norfolk
Great Yarmouth
Kings Lynn &
West Norfolk
Norfolk Total
60%
Suffolk Total
40%
Grant Awarded Value (£)
Norfolk Total
Suffolk Total
Norfolk Total
58%
Suffolk Total
42%
Private Investment(£)
Norfolk Total
Suffolk Total
Norfolk Total
60%
Suffolk Total
40%
Number of grants awarded
Norfolk Total
Suffolk Total
Norfolk Total
82%
Suffolk Total
18%
Number of Jobs to be created
Norfolk Total
Suffolk Total
6
6
8
5
3
New Products to be created - Suffolk
Babergh
Ipswich
East Suffolk
West Suffolk
Mid Suffolk
Innovative Projects Fund - 2018 Projects Call
Programme Overview - What is the Innovative Projects Fund
What is the Overall Programme Status?
Overall:
Green
Delivery:
Green
Spend:
Green
Outputs:
Green
What are our Key Updates?
What is our Financial Position?
Forecast Actual Forecast Actual Forecast Actual Forecast Actual Forecast Actual
2019/20 2019/20 2020/21 2020/21 Q1-21/22 Q1-21/22 Q2-21/22 Q2-21/22 Q3-21/22 Q3-21/22
0.000 0.400 0.400 0.308 0.308 0.251 0.251 0.244 0.244
0.540 0.540 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
0.170 0.140 0.197 0.092 0.125 0.057 0.045 0.007 0.037 0.044
0.170 0.000 0.197 0.105 0.125 0.068 0.045 0.038 0.037 -0.007
0.369 0.400 0.203 0.308 0.183 0.251 0.206 0.244 0.207 0.200
What is our contribution to the Economic Strategy?
Quarter/ year:
(October - December) 2021
Actual to date
Programme
Target to 2021
9 65
9 59
10 60
4 12
85 94
1 415
385 848
4
0
What is the Project Delivery Status?
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.
Number of businesses created
Outputs – cumulative from April 1st 2019 to 31st Dec 2021 (Quarter 3 2021/22)
Financial Year
Number of Direct Full-Time Jobs Created
High Value Jobs created
Committed
Carried forward
Financials (£ million)
Brought Forward
LEP Allocation
Spend [Act/Fcst]
Number of Jobs Safeguarded
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 £139,951.
The value of claims for the second year (2020/21) was £91,362.82
Actual Spend to date is £339,150 (63%) of the Programme Budget.
£107,566 has been claimed so far in this financial year. The total project spend to date is £825,235.
Public match funding of £353,144 and Private match funding of £132,941 has been recorded.
7 out of the 7 projects have Offer Letters.
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.
Since approval of the PCR NCC have commissioned SBLC Ltd (Simon Baker) to undertake a period of research to ascertain the volume and value of Clean Energy Sector
opportunities for the local supply chain, working closely with the NCC Team, Suffolk County Council and NALEP. The project has spent a further £948 with c. £5000 due in the next
quarter. A further project reprofile was submitted to the Programme Caseworker 07/01/2022. This now requires reviewing.
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.
Norfolk & Suffolk Offshore Wind Competitiveness Positioning Programme - GYBC: Total project expenditure over three claims to date is £299,728 with a total of £88,731 paid
out to GYBC. Total Public match £210,997 has been evidenced. The project is progressing well despite COVID restrictions preventing Offshore / Inward Investment events from
going ahead at present. Physical events are hopefully returning and plans are in place to have a physical launch at Global Offshore Wind, London at the end of September. Plans for
attending Wind Europe in October, and Electric City in Copenhagen at end of November are also in place. The total grant award has been paid out and the project is in its final stage.
4 out of 7 projects are now in their delivery phase. Four projects have claimed in full (Building Supply Chains is still in the delivery Phase).
Profiled Spend to the end of 2021/22 Quarter 3 is £438,865. Actual spend to date is £339,150, a further claim payment with a total value of £70,000 is
pending verification (NUA ).
See outputs table below.
Number of part time jobs created
Number of Businesses Supported (at least 12 hrs of support)
Number of Learners
Number of businesses engaged
Growing the Year-Round Economy - Visit East of England: A 6th claim has been submitted in this quarter totalling £8,786.39 and has been approved, this project will be paid its
last paument in early October. 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. This project has been completed.
The Catapult - The Catapult Network: The Catapult - The Catapult Network: Andy Holyland based at Orbis Energy in Lowestoft started on 1st January 2020. 6 claims have been
paid to date totalling £48,419. The same total of Private Match has been recorded. The project is set to complete in Quarter 4.
£0.00
£100,000.00
£200,000.00
£300,000.00
£400,000.00
£500,000.00
£600,000.00
2019/20 2020/21 Q1 - 21/22 Q2 - 21/22 Q3 - 21/22 Q4 - 21/22
Innovative Project Fund Allocation
Axis Title
Expenditure
Qtrly Forecast Qtrly Claims Available IPF
What are the Next Steps?
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 2021 and Sizewell will get its
FID. A project change request has been submitted to the LEP and will be considerd by the IAC in January.
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 has been requested, a claim received and will be paid in January. 2 monitoring reports have been
received for the first phase.
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 4 of 2021/22.
Innovative Pro
j
ects Fund - 2019 Pro
j
ects Call
Pro
g
ramme Overview - What is the Innovative Pro
j
ects Fun
d
What is the Overall Pro
g
ramme Status
?
Overall:
Green
Delivery:
Green
Spend:
Amber
Outputs:
Green
What are our Ke
y
U
p
dates?
What is our Financial Position?
Forecast Actual Forecast
Actual
Forecast
Actual
Forecast
Actual
2020/21 2020/21
Q12021/22 Q12021/22 Q22021/22 Q22021/22 Q32021/22 Q32021/22
1.522 1.233 1.233 1.131 1.131 0.956 0.956
1.522 0.000 0.000 0.000 0.000 0.000 0.000 0.000
0.701 0.269 0.210 0.102 0.236 0.174 0.162 0.160
0.701 0.431 0.210 0.108
0.236
0.062 0.162 0.002
0.822 1.253 1.023 1.131 0.895 0.956 0.794 0.796
What is our contribution to the Economic Strategy
?
Quarter/
y
ear:
3 (Oct - Dec) 2021
Actual to date
Programme
Target to 2022
14 101
73
2 293
39
14 430
105 268
039
154 77
15
29
What is the Project Delivery Status?
What are the Next Steps?
See Appendix A for project delivery status.
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 4 of 2021/22.
15 out of 18 projects are now in their delivery phase. 3 projects have completed (UEA Seedcorn Project, F4OR & Innovation Labs).
Profiled Grant Spend to the end of Quarter 3 (2021/22) is £1,307,811. Actual Spend to date is £705,276. Delayed spend was due to
COVID and related restrictions.
No accumulated outputs were forecast by the end of Quarter 3.
Number of part time jobs create
d
Number of Businesses Supported (at least 12 hrs of support
Number of Learner
s
Number of businesses create
d
No of Businesses Engage
d
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 t
h
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.
Number of businesses create
d
Outputs – cumulative from April 1st 2019 to 31 Dec (Quarter 3)
Financial Year
Number of Direct Full-Time Jobs Created
High Value Jobs created
Committed
Carried forward
Financials (£ million)
Brought Forward
LEP Allocation
Spend [Act/Fcst]
Number of Jobs Safeguarded
•18 projects have a combined allocation of £1,522,372. However, one project has been completed under budget and a further project has re-profiled (bringing down their IPF
grant) total combined allocation is now £1,502,217.
•18 projects now have their Grant Offer Letters and have commenced (3 projects have been completed).
•£705,276 has been paid out to date
.
•
Private match funding of £334,816 and public match funding of £1,022,394 has been recorded.
All projects are in the delivery phase, with the exception of 3 which have been completed.
‐
500,000.00
1,000,000.00
1,500,000.00
2,000,000.00
2020/21 Q1‐21/22 Q2‐21/22 Q3‐21/22 Q4‐21/22 2022/23
InnovativeProjectFund
Allocation
AxisTitle
Expenditure
QtrlyForecast QtrlyClaims AvailableIPF
1
Appendix 1 – Innovative Projects Fund –Q3 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 NWC - Collaboration: Place: Change - £60,952
Percentage of grant Claimed: 43.77%
The National Writing Centre has been paid its fifth claim £9,774. Total
now claimed £26,678. The project has created 2 P/T posts and has
so far achieved 15 leadership qualification /learner outputs. A further
20 leaders have started. A reprofiled budget has been submitted and
approved. The new budget means that the IPF will consequently
retain £11,548.
Y
IPF-19-2 GREEN 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, a contract should be awarded
in September.
A
first claim is expected in January.
Y
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
j
obs. 1 indirect High Value FTE was created.
Y
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 paid.
New Timetable is as follows:
‐ Draft set of priorities and actions will be presented to the
Board’s October 23
rd
Meeting.
Y
2
‐ Final Strategy and Plan, starting with implementation
starting in April 2022 – March 2027 will be presented to the
December 8
th
Board meeting – for agreement
‐ New Strategy - launched in February 2022
‐ New Structure implemented
‐ New structure and strategy in place for April 2022
Final claim to be submitted in March 2022.
IPF-19-5 GREEN Netmatters – SCION Project - £100,000
Percentage of grant Claimed: 92.55%
The project has now submitted 4 claims to the value of £92,550.
The project has created 45 learner positions/opportunities. 13 of
the students are now in FT Employment with more to follow.
Y
IPF-19-6 GREEN South Norfolk DC – SETI - £28,750
Percentage of grant Claimed: 0%
Offer Letter has been signed and returned. SETI introduction
meeting took place November - Metro Dynamics won the contract -
the monitoring and claim for the full amount should be ready in Jan /
Feb.
Y
IPF-19-7 GREEN Innovation Labs Stowmarket - £45,000
Percentage of grant Claimed:100%
£45,000 has been claimed by Innovation Labs towards the virtual
tenancy and the two interactive platforms. £129,007 of Private
match has been recorded. The project has been completed and
evaluation received. Case Studies will be published through the
LEP Comms channels.
Y
IPF-19-8 GREEN CNTC – NAAME - £180,700
Percentage of grant Claimed: 70.33%
Led by Broadland District Council – the project is underway, and the
second claim of £29,796 has been paid. The NAAME Development
plan has been published and the labour sharing platform has been
created, 60 companies are currently signed up to the platform.
Y
IPF-19-9 GREEN NCC – Norwich Good Economy Project - £50,000
Percentage of grant Claimed: 15%
This project has submitted its first claim (£7,512) and the claim is
pending approval for payment. A first grant payment has been
made to a CIC to carry out one of the ‘Good Jobs’ Pilot projects.
The project has been in touch and a second claim has been
received and is being processed.
Y
IPF-19-
10
AMBER SCC – Innovation Hub within Transport Strategy - £140,000
Percentage of grant Claimed: 0%
Offer Letter has been signed
N
3
SCC have appointed a Data Tech Officer to the project – 1
FTE.
SB is in the process of arranging the advert/ SCC approval
for a new Head of Data and Intelligence – 1 FTE.
SB has managed to get the whole directorate on board to
start the process of data sharing between different services
allowing new transport strategies to be developed through a
combined data approach.
Consultants ARUP have been appointed to undertake
transport modelling using character descriptors.
SB will be leaving SCC to go to Transport East but will not
leave until the project is some way through its delivery.
Project is due to be delivered by March 22.
Claim due.
IPF-19-
11
GREEN TCHC – VG Incubator - £120,000
Percentage of grant Claimed: 57.75%
This project is progressing well, £69,302 claimed to date. The project
is receiving very good feedback.
The first game has been published from a participant in the cohort on
steam Secrets of Soil on Steam (steampowered.com) which has had
some press attention.
One student is in FTE, a further 7 have become freelance and have
picked up contracts. Claim 6 due. TCHC have been in touch and
has requested a project reprofile.
Y
IPF-19-
12
GREEN NCC – Innovate UK Mentoring Project - £96,000
Percentage of grant Claimed: 63.23%
This project has been paid its second claim. An upfront payment
was made in December totalling £50,760. The project has claimed
£60,698 to date. The project has supported 3 Bids to Innovate UK
Smart Grant March 2021 – outcome pending. The project has 14
bid writers in total and 23 mentors. 3 business have progressed to
application stage.
Y
IPF-19-
13
GREEN Coderus – LOCKE - £59,000
Percentage of grant Claimed: 33.51%
This is a private sector led project that expressed a wish to delay
the project by 6 months due to COVID. The first claim for this
project has been paid – Value: £19,772. Private Match £46,327
(the project is benefiting from KTP funding too).
Y
IPF-19-
14
GREEN Catapult - F4ORE - £75,000
Percentage of grant Claimed: 100%
The project has claimed in full and identified the 10 businesses to
complete the Fit 4 Offshore qualification. The project has benefited
from addition NSF grant funding too to increase the number of
Y
4
businesses by 5. 10 businesses are due to complete this quarter.
Report /evaluation pending.
IPF-19-
15
GREEN BCKLWN – GAME ON - £65,000
Percentage of grant Claimed: 40.22%
The project has been claimed £26,142 to date. The core team has
been hired and pre-production work has commenced. Production
started in January. The main event took place in October- it was a
great success. The second event ‘Manifesto’ is now in production.
Y
IPF-19-
16
GREEN First Light Lowestoft - £71,034
Percentage of grant Claimed: 77.30%
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 ran a series of events called the longest days of
Summer delivered under COVID restrictions on 26/27
th
June. The
project is running a series of events through market towns and has
won the contract for the East Point Pavilion – Total amount claimed
- £54,908
Y
IPF-19-
17
GREEN NCC – Celebrating Culture / Head East - £84,388
Percentage of grant Claimed:51.36 %
The project has claimed £43,346 to date. The Freelance campaign
management role has been filled (for the second time). The
campaign is now called ‘Head East’.
Y
IPF-19-
18
GREEN ICM – Ipswich Cornhill - £100,000
Percentage of grant Claimed: 29.78%
The project has claimed £38,935 to date. Some of the year 1 money
may be rolled into year 2.
Y