Decision details

(ii)        In respect of the Access Innovation Programme –

That following a recommendation from the Investment Committee, WYCA approves:

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

(b)        That an indicative approval to WYCA’s contribution of £4.750m (which will be funded through £0.485m from the Local Growth Fund Access to Capital Grants programme fund and £4.265m from the ERDF fund) is given with Full Approval to spend being granted once the scheme has progressed through the Assurance Process to Decision Point 5 (Full Business Case with Finalised Costs).

(c)        That future approvals are made in accordance with the Approval Pathway and Approval Route outlined in the submitted report including at Decision Point 5 through a delegation to WYCA’s Managing Director following a recommendation by WYCA’s Programme Appraisal Team.  This will be subject to the scheme remaining within the tolerances outlined in the submitted report.