Agenda and minutes

Apologies were received from Councillors Judith Blake and Shabir Pandor.

In the absence of Councillor Judith Blake the chair was taken by Councillor Tim Swift. 

None were declared.

1.      To highlight Appendices 1 and 2 of Agenda Item 5 and Appendices 1, 2, 3, 4 and 5 of Agenda Item 6 which officers have identified as containing exempt information within the meaning of Schedule 12A to the Local Government Act 1972, and where officers consider that the public interest in maintaining the exemptions outweighs the public interest in disclosing the information, for the reasons outlined in the report.

2.      To consider whether or not to accept the officers’ recommendation in respect of the above information as set out at paragraph 5 of Agenda Item 5 and paragraph 7 of Agenda Item 6.

3.      If the recommendations are accepted, to formally pass the following resolution:-

RESOLVED – That in accordance with paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972, the public be excluded from the meeting during consideration of Appendices 1 and 2 of Agenda Item 5 and Appendices 1, 2, 3, 4 and 5 of Agenda Item 6 on the grounds that they are likely, in view of the nature of the business to be transacted or the nature of the proceedings, that if members of the press and public were present there would be disclosure to them of exempt information and for the reasons set out in the report that in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

Resolved: That in accordance with paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972, the public be excluded from the meeting during consideration of Appendices 1 and 2 of Agenda Item 5 and Appendices 1, 2, 3, 4 and 5 of Agenda item 6 on the grounds that they are likely, in view of the nature of the business to be transacted or the nature of the proceedings, that if members of the press and public were present thee would be disclosure to them of exempt information and for the reasons set out in the report that in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

Copy attached.

Resolved:  That the minutes of the Business Investment Panel held on 17 October 2017 be approved.

Led by: Neill Fishman

The Panel considered a report of WYCA’s Executive Head of Economic Services providing an update on the current position regarding progress in committing grants and meeting expenditure and achievement targets through the LEP Business Grants Programme (BGP).

In private session the Panel was asked to consider two new applications, 1093427 and 1094831, as detailed in 3.1 and in appendices 1 and 2 of the submitted report.

Resolved:

(i)                 That the BGF Update be noted.

(ii)               That in regard to application 1093427, as detailed at 3.1 and appendix 1, officers maintain a dialogue with the applicant in order to better understand several matters related to the application and their business, with a view to considering the application again at a future panel meeting.

(iii)             That in regard to application 1094831, as detailed at 3.1 and appendix 2, officers maintain a dialogue with the applicant in order to better understand several matters related to the application and their business.

Led by: Chris Brunold

The Panel considered a report of WYCA’s Director of Delivery providing an update on progress and targets towards committing loans through the LEP Growing Places Fund (GPF).

In private session the panel were also asked to consider one new application enquiry, 318, as detailed in 3.1 and appendix 1 of the submitted report.

Members were also provided with a progress report on a previously considered loan, as detailed at 4.1 and in appendix 2, and on the progress of several live loans with changed circumstances or risk, as detailed at 5.1 and in appendix 3.

Resolved:

(i)                 That the update on progress in committing loans through the GPF be noted.

(ii)               That project 318, as detailed at 3.1 and appendix 1, be appraised in full and presented at a future panel meeting.

(iii)             That the update on the progress of a previously considered loan as detailed at 4.1 and in appendix 2, be noted.

(iv)              That the update on the progress of several live loans with changed circumstances or risk, as detailed at 6.1 and appendix 3, be noted.