Decision details

Approval in principle of additional funding to allow continuation of the Business Growth Programme.

In respect of the Business Growth Programme - Decision Point 2 (Case Paper)

(i)         That the Business Growth Programme proceeds through Decision Point 2 and the work commences on Activity 5 (Full Business Case with Finalised Costs).

(ii)        That an indicative approval to the total scheme value of £9m be given, with ultimate approval to spend being granted once the project has progressed through the Assurance Process to Decision Point 5 (Full Business Case with Finalised Costs).

(iii)       That the future approval at Decision Point 5 be made through a delegation to WYCA’s Managing Director following consideration and a recommendation by Investment Committee. This Approval Route will be subject to the scheme remaining within the tolerances outlined above.