Issue - meetings
Project Beta
Meeting: 14/12/2017 - West Yorkshire Combined Authority (Item 66)
PDF 269 KB(Member lead: Cllr P Box, Director: Sue Cooke)
Additional documents:
Decision:
Resolved: That support be given in principle to the provision of grant funding of up to £3 million to Project Beta subject to the scheme’s progression through WYCA’s Assurance Process.
Minutes:
The Authority considered a report of the Executive Head of Economic Services which advised of the situation relating to Project Beta and proposed support to the future provision of grant funding of up to £3 million.
Members were given an overview and discussed the proposals regarding the application from a company which was seeking support to establish a new UK-based drug manufacturing facility and the benefits this would bring to the Leeds City Region. It was reported that the request for the grant from the Strategic Inward Investment Fund had been considered and recommended for approval by the Investment Committee. The continued support and approval of the grant will be subject to applications progressing through the WYCA Assurance Process.
Resolved: That support be given in principle to the provision of grant funding of up to £3 million to Project Beta subject to the scheme’s progression through WYCA’s Assurance Process.