Decision details

Resolved:

In respect of Leeds Enterprise Zone Power Solution –

That  following a recommendation from the Investment Committee, the Combined Authority approves:

(i)         That the project proceeds through decision point 4 (full business case) and work commences on activity 5 (full business case with finalised costs).

(ii)        That an indicative approval to the total project value of £5 million is given which will be funded by the Combined Authority from the Local Growth fund 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).

(iii)       That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report including at decision point 5 through a delegation to the Combined Authority’s Managing Director following a recommendation by the Combined Authority’s Programme Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in the report.