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New Anglia Investment Appraisal Committee
Confidential Meeting Minutes (Confirmed)
27th July 2022
Present:
Committee Members
David Ellesmere (DE)
Ipswich Borough Council
Dominic Keen (DK)
High Growth Robotics
Martin Williams (MW)
Independent IAC Member
Alan Waters (AW)
Norwich City Council
In Attendance
Rosanne Wijnberg (RW)
New Anglia LEP
Melanie Richardson (MR)
New Anglia LEP
Iain Dunnett (ID)
New Anglia LEP
Chris Dashper
New Anglia LEP
ACTIONS
None
1
Welcome from the Chair
David Ellesmere (DE) welcomed everyone to the meeting.
2
Apologies
Apologies were received from Andrew Proctor, Sandy Ruddock and Kathy Atkinson.
3
Declarations of Interest
Martin Williams (MW) declared an interest in Item 9 – The Malthouse loan extension
4
Minutes of previous meetings
The minutes of the meeting held on 25th May 2022 were agreed as accurate.
5
Horizon Paper and GPF Repayments – Confidential
Iain Dunnett (ID) presented the papers and highlighted that the key items would be covered by papers
under items in the agenda.
The Committee agreed:
To note the content of the report
6 a-b
Small Grant Scheme and Growth Through Innovation Grant Approval Reports
CD provided an overview of the report provided highlighting 6 new approaches for SGS and a lag with GTI
but being promoted.
The Committee agreed:
To note the content of the report
7
Growing Places Fund, hotel development, loan request - confidential
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8
Growing Places Fund: One Farm Loan update - Confidential
9
Ipswich Malthouse Loan Update – Confidential
10
Suffolk Inclusive Growth Fund Year 2, Round 2, verbal update
CD updated the committee that only one application had been received from Suffolk County Council and
Chamber of Commerce. Costs on the project were deemed to be high and further assessment was
required of the application. This will come back to the committee in September.
The Committee agreed:
To note the content of the update.
11
AOB
CD tabled a paper on a potential clawback on a Growing Business Fund grant to Lifeline.
Committee commented as follows:
Lifeline have offered to pay back 50% of the grant they received.
Clawback will return to UK Treasury, not the LEP
Is legal pursuit of the matter tenable if no financial return occurs to LEP.
A principle exists of this not being the legitimate use of the grant.
Assurance was needed from building owner that tenant is being offered a peppercorn rent.
The Committee agreed:
For LEP Exec to go back to grant recipient, to request sight of the lease, and to accept current 50%
clawback offer if rent is confirmed as peppercorn
