New Anglia Local Enterprise Partnership
Investment Appraisal Committee
Wednesday 25th January 2023
TEAMS Meeting
11am to 11:45am
Agenda
No. Item
1. Welcome
Main Agenda
2. Apologies
3. Declarations of Interest
4. Minutes of previous meeting – 30 November 2022
5 &
5a
Horizon Paper including GPF project updates 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. Confidential: Growing Places Fund loan updates
8. Confidential: Growing Places Fund- Norwich capital project loan application
Other
9. 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 Valeo
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 22 February 2023, 11:00am
Venue: TEAMS Meeting
2
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New Anglia Investment Appraisal Committee
Confidential Meeting Minutes (Unconfirmed)
30th November 2022
Present:
Committee Members
Kathy Atkinson (KA) Valeo
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
In Attendance
Rosanne Wijnberg (RW) 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 -
Completed - see Winerack update
1 Welcome from the Chair
Kathy Atkinson (KA) welcomed everyone to the meeting.
2 Apologies
Apologies were received from David Ellesmere and Alan Waters.
3 Declarations of Interest
None
4 Minutes of previous meetings
The minutes of the meeting held on 21st September 2022 were agreed as accurate.
Broadway Business Park – Iain Dunnett (ID) advised that he is continuing to work with the applicant but the
proposal is not yet in a position to be brought to the meeting.
5 Horizon Paper and GPF Repayments – Confidential
ID provided an update on the existing projects.
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The Committee agreed:
To note the content of the report
6 a-b Small Grant Scheme and Growth Through Innovation Grant Approval Reports
Chris Dashper (CD) confirmed that the intervention rate for the SGS has been increased to 40% to make it
more appealing and it is now being promoted at that rate. The commitment to spend needs to be obtained
by the end of March and applications have now increased.
The Committee agreed:
To note the content of the report
7 Suffolk Inclusive Growth Fund - Update
CD noted the slides included in the meeting papers providing an update on the achievements to date and
noted that another round was ongoing.
The Committee agreed:
To note the content of the report
8 Confidential: Growing Places Fund - Ipswich capital project preliminary application
The Committee agreed:
To note the content of the report
9 Confidential: Innovative Projects Fund - Energy Supply Chain Employer Readiness
Programme
The Committee agreed:
To note the content of the report
9 AOB
None
4
Date
Approved
Company Name
Grant
Awarded
Business
Size
Reason for Support
Apr-22 SM Cosmetic Clinic £3,909 Micro Capital investment to support business growth
Apr-22 Firstgrade Recycling Systems Ltd £3,625 Small Capital investment to support business growth
Apr-22 Thompsons Food Service Ltd £25,000 Small Capital investment to support business growth
Apr-22 Suzanah Dobson (The Leaf Press) £1,066 Micro Capital investment to support business growth
May-22 Helmsman Storage Solutions Ltd £25,000 Small Capital investment to support business growth
May-22 Heidi Fox £6,902 Micro Capital investment to support business growth
May-22 Seafish Importers Ltd £7,800 Micro Capital investment to support business growth
May-22 Two Magpies Food Co Ltd £25,000 Medium Capital investment to support business growth
May-22 The Homeopathic Supply Co Ltd £1,583 Micro Capital and revenue investment to support business growth
Jun-22 Tomlinson Groundcare Ltd £3,192 Small Capital investment to support business growth
Jun-22 Robert Dodsworth Photography £3,994 Micro Capital and revenue investment to support business growth
Jun-22 Stephen Walters & Sons Ltd £25,000 Medium Capital investment to support business growth
Jun-22 Process Instrument Solutions Ltd £3,600 Micro Capital investment to support business growth
Jun-22 Solvair Ltd £2,000 Micro
Capital investment to support business growth
Jun-22 The National Centre for Writing £10,400 Small Revenue investment to support business growth
Jul-22 PCL Ceramics Ltd £17,944 Medium Capital investment to support business growth
Jul-22 Tide Shipping Ltd £6,100 Micro Capital investment to support business growth
Jul-22 Rudd Joinery Ltd £25,000 Micro Capital investment to support business growth
Aug-22 St Peter's Brewery Co. Ltd £5,594 Small Capital investment to support business growth
Aug-22 The Dogs' Squad £3,300 Micro Capital investment to support business growth
Aug-22 Foreman and Son Ltd £24,180 Micro Capital investment to support business growth
Aug-22 The Food Co (UK) Ltd £25,000 Small Capital investment to support business growth
Aug-22 Panel Graphic Ltd (2) £5,700 Small Capital investment to support business growth
Aug-22 Turner Blinds and Shutters Ltd £25,000 Micro Capital investment to support business growth
Sep-22 4D Geo Ltd £6,000 Micro Capital investment to support business growth
Sep-22 Custom GRP Ltd £5,600 Micro Capital investment to support business growth
Oct-22 Superhero Fitness Ltd £2,419 Micro Capital investment to support business growth
Oct-22 Hustle Norwich Ltd £3,252 Micro Capital investment to support business growth
Oct-22 Essex & Suffolk Pest Solutions Ltd £7,153 Micro Capital investment to support business growth
Oct-22 We Prep FBA Ltd £25,000 Small Capital investment to support business growth
Small Grant Scheme
Grant Approvals April 2022 to March 2023
10
Oct-22 James White Drinks Ltd (2) £25,000 Small Capital investment to support business growth
Nov-22 RD Castings Ltd (2) £25,000 Small Capital investment to support business growth
Nov-22 Wensum Print Ltd £1,122 Micro Capital investment to support business growth
Nov-22 Maison Bleue Ltd £3,223 Small Capital investment to support business growth
Nov-22 Katie Abbott £5,100 Micro Capital investment to support business growth
Nov-22 Phoenix Gym Norwich Ltd £8,688 Micro Capital investment to support business growth
Nov-22 Royal Norfolk Agricultural Association £25,000 Small Capital investment to support business growth
Nov-22 JMS Group Ltd £4,908 Micro Capital investment to support business growth
Dec-22 Finish Line TV Ltd £25,000 Micro Capital investment to support business growth
Dec-22 STA Technical Ltd £8,409 Micro Capital investment to support business growth
Dec-22 Abate Ltd (3) £4,785 small Capital investment to support business growth
Dec-22 Norfolk Mead Hotel Ltd £25,000 Small Capital investment to support business growth
Dec-22 Delta Fire Ltd £9,559 small Capital investment to support business growth
Dec-22 Bag-N-Agg Ltd £24,253 Micro Capital investment to support business growth
Dec-22 Retro Activewear Ltd £17,828 Small Capital investment to support business growth
Dec-22 Julian Emens £2,812 Micro Capital investment to support business growth
Dec-22 Reubjon Ltd £19,440 Small Capital investment to support business growth
Dec-22 Cambridge Rapid Components Ltd (2) £25,000 small Capital investment to support business growth
Dec-22 Bed Down LLP (2) £25,000 Small
Capital investment to support business growth
Dec-22 NorfolkFootball Ltd £2,400 Micro
Capital investment to support business growth
Dec-22 Goodchild Marine Services Ltd £9,657 Small Capital investment to support business growth
Dec-22 Beattie Passive Build System Ltd £23,945 Small Capital investment to support business growth
Total for Small Grant Scheme £656,442
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Approval
Date
Company Name
Grant
Awarded
Business
Size
Reason for Support
Apr-22 High Street Safari Limited £12,825 Micro Revenue investment to support R&D or Innovation
May-22 Juni Cosmetics Ltd £7,874 Micro
Revenue investment to support R&D or Innovation
No approvals in June
Jul-22 Studious Digital Education Ltd £12,830 Micro Revenue investment to support R&D or Innovation
Aug-22
Studious Digital Education Ltd (add.funding) £8,554 Micro Revenue investment to support R&D or Innovation
Aug-22 EachMoment Ltd £15,373 Micro
Capital and Revenue investment to support R&D or Innovation
Aug-22 Zugbox Ltd £15,000 Micro
Revenue investment to support R&D or Innovation
Aug-22 Prorizon Ltd £24,950 Micro
Revenue investment to support R&D or Innovation
Aug-22 Exo Engineering Ltd £21,285 Micro
Revenue investment to support R&D or Innovation
Aug-22 Peerless Plastics & Coatings Ltd £24,867 Medium
Revenue investment to support R&D or Innovation
Aug-22 Squiish Ltd £15,192 Micro
Revenue investment to support R&D or Innovation
Aug-22 Screenworks Limited £25,000 Medium
Revenue investment to support R&D or Innovation
Aug-22 Graham Woodyatt £25,000 Micro
Revenue investment to support R&D or Innovation
Aug-22 Lucy Berridge £17,023 Micro
Revenue investment to support R&D or Innovation
Aug-22 PCL Ceramics Ltd £19,053 Medium
Revenue investment to support R&D or Innovation
Sep-22 Geo Acoustics Ltd £25,000 Small
Revenue investment to support R&D or Innovation
Oct-22 Future Marine Services Ltd £15,460 Small
Revenue investment to support R&D or Innovation
Oct-22 Duetrade Software Ltd £23,400 Micro
Revenue investment to support R&D or Innovation
Oct-22 Harper Lomax Ltd £25,000 Small
Revenue investment to support R&D or Innovation
Oct-22 Shibumi Digital Experiences Ltd £9,720 Micro
Revenue investment to support R&D or Innovation
Oct-22 Donald Utting & Son Ltd £25,000 Small
Revenue investment to support R&D or Innovation
Oct-22 Sustainer Living Ltd £4,266 MIcro
Revenue investment to support R&D or Innovation
Oct-22 Miream App Limited £10,575 Micro Revenue investment to support R&D or Innovation
Nov-22 Tech Educators Ltd £4,374 Micro Revenue investment to support R&D or Innovation
Nov-22 Livingwood Windows Ltd £2,800 Micro Revenue investment to support R&D or Innovation
Nov-22 We Love Pets Ltd (2) £25,000 Micro Revenue investment to support R&D or Innovation
Nov-22 Marc Edwards & Glynn Burrows t/as EBC Pest Control £24,525 Micro Revenue investment to support R&D or Innovation
Dec-22 Dot to Dot Technical Ltd £13,499 Micro Revenue investment to support R&D or Innovation
New Anglia LEP
Growth Through Innovation
Grant Approvals - April 2022 to March 2023
12
Dec-22 Designtec Limited £2,925 Micro Revenue investment to support R&D or Innovation
Dec-22 Reuzer Ltd (2) £24,800 Small Revenue investment to support R&D or Innovation
Dec-22 Sedwell Ltd £25,000 Small Revenue investment to support R&D or Innovation
Dec-22 Rsscan Lab Ltd £25,000 Micro Revenue investment to support R&D or Innovation
Dec-22 Beattie Passive Build System Limited £24,840 Micro Revenue investment to support R&D or Innovation
Dec-22 Leisure-Net Solutions Ltd £21,892 Micro Revenue investment to support R&D or Innovation
Dec-22 Precision Refrigeration Ltd £4,209 Medium Revenue investment to support R&D or Innovation
Dec-22 Yawn Marketing Ltd £5,600 Micro Revenue investment to support R&D or Innovation
Dec-22 Edward Jackson (Engineer) Ltd £12,586 Micro Revenue investment to support R&D or Innovation
Total for Growth Through innovation £600,297
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