New Anglia Local Enterprise Partnership
Investment Appraisal Committee
Wednesday 30th November 2022
TEAMS Meeting
9am to 9:45am
Agenda
No. Item
1. Welcome
Main Agenda
2. Apologies- David Ellesmere
3. Declarations of Interest
4. Minutes of previous meeting – 21 September 2022
5 &
5a
Horizon Paper including GPF updates, repayments and project RAG rating
appendix– Confidential
Reporting: Grant approval reporting
6 a-b Small Grant Scheme and Growth Through Innovation Grant approval reports
Items for Discussion
7. Suffolk Inclusive Growth Fund- Update
8. Confidential: Growing Places Fund- Ipswich capital project preliminary
application
9. Confidential: Innovative Projects Fund- Energy Supply Chain Employer
Readiness Programme
Other
10. Any Other Business
1
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 25 January 2023, 11:00am
Venue: TEAMS Meeting
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New Anglia Investment Appraisal Committee
Confidential Meeting Minutes (Unconfirmed)
21st September 2022
Present:
Committee Members
Kathy Atkinson (KA) Valeo
David Ellesmere (DE) Ipswich Borough Council
Dominic Keen (DK) High G
r
owth Robotics
A
ndrew Proctor (AP) Norfolk County Council
Sandy Ruddock (SR) Scarlett & Mustard
Martin Williams (MW) Independent I
A
C Membe
r
A
lan Waters (AW) Norwich City Council
In Attendance
Martin Holland (MH) Homes England
Rosanne Wijnberg (RW) New Anglia LEP
Melanie Richardson (MR) New Anglia LEP
Iain Dunnett (ID) New
A
nglia LEP
Chris Dashpe
r
(CD) New Anglia LEP
Helen Wilton (HW) New Anglia LEP
ACTIONS
To prepare and circulate a proposal for a partial return of the outstanding interest on the Winerack – ID
1 Welcome from the Chair
David Ellesmere (DE) welcomed everyone to the meeting.
2 Apologies
None
3 Declarations of Interest
None
4 Minutes of previous meetings
The minutes of the meeting held on 27th July 2022 were agreed as accurate.
5 Horizon Paper and GPF Repayments – Confidential
The Committee agreed:
To note the content of the report
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6 a-b Small Grant Scheme and Growth Through Innovation Grant Approval Reports
Chris Dashper (CD) noted the increase in approvals and advised that the push is continuing to insure the
spend is completed.
The Committee agreed:
To note the content of the report
7 Growing Places Fund - Confidential
The Committee agreed:
To note the content of the report
To receive and consider a proposal on a partial repayment of the interest.
8 Growing Places Fund - Broadway Business Park – Confidential
The Committee agreed:
To note the content of the report
For the LEP to continue discussions on the project and to receive a paper at a later date
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9 AOB
CD noted that Government have indicated that underspend from the Growing Business Fund will not be
clawed back so will be reinvested via another fund.
5
NALEP – IAC
Suffolk Growth
Update on SIGIF
October 2022
Karen Chapman
15
Suffolk Inclusive Growth Investment Fund
(SIGIF)
Secured funding from SPSL (£650k) & NALEP
(£1m) for year one
Subsequent investment from SPSL (£750k)
Supported 19 projects with awards of c.£1.97m
Total project value over £7m, giving £1:£3 ratio
for SIGIF investment to match funding (average)
Final call for projects closes 4th Nov.
16
SIGIF Themes & projects
Space for businesses /
inward investment
A11 Tech Corridor
Creative Landscapes
Connected Innovation
Labs
Menta@inc Felixstowe
East Suffolk Innovation
Labs
Southwold Enterprise
Hub
Skills for businesses
Virtual high streets
(BMS)
Digital skills (IBC)
Active Skills
High street support
Town Centre Innovation
(BMS)
Town Centre renewal
(West)
Leiston community
regeneration
ESC Celebration
markets
Museum of Food
Women’s Tour (West)
St Stephen’s Church
Support for employees /
those joining the workforce
Suffolk apprentices
South Street Studios
Caston Wood:
Greenlight Trust
17
Selection of outcomes
23 employers / 25 apprentices
supported with grants
38 companies directly supported
with bespoke digital skills
training programme
VHS roll out across 5 towns
(BMS) with 400+ companies
signed up with add’l business
support provided
Creative industries sector
supported with physical space,
14 companies with bespoke
support leading to new job
creation AND underpinned
successful DCMS CREATE bid
Space / innovation hubs for businesses set up
in:
Melton
Sudbury
Felixstowe
Southwold (in progress)
Eye (in progress)
Providing hot desking space & direct access to
business support
Underpinned by wider S/N Connected
Innovation project with coordinator post
Redevelopment of music production
facilities in Ipswich / major expansion of
outreach & workforce programmes of
support (29 jobs created / safeguarded),
further 272 people upskilled and 50
kickstarts supported.
Linked to establishment of major new
music venue (The Church) in Ipswich
town centre forecast to generate
significant economic impact.
Local markets & events
supported in all West towns,
rolling programme across East
towns with greater impact
achieved through joining up /
matched funds
18
SIGIF – Promotional video
https://www.youtube.com/watch?v=5DXhX23svl0
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