Decision details

(i)              In respect of the Entrepreneurship Package of Support the Investment Committee approved that:

(a)        The Entrepreneurship Package of Support project proceeds through decision point 2 (strategic outline case) and decision point 4 (full business case) with Approval to Proceed to activity 5 (delivery).

(b)        Approval to the Combined Authority’s contribution of £6 million, funded from the Combined Authority’s gainshare to fund the economic recovery, is given. The total scheme value is £6 million. 

(c)        Future approvals are made in accordance with the assurance pathway and approval route outlined in this report. This will be subject to the scheme remaining within the tolerances outlined in this report.