Decision details

Resolved:

(a)      That the Combined Authority indicatively approves funding from the Single Investment Fund to enable progress to be made in key priority areas, with full approval to spend being granted once the project has progressed through the assurance process in line with the Combined Authority’s Assurance Process. The indicative funding requested is:

·       £500k to support scheme development relating to business support.
 

·       £400k over three years to enable the recruitment of the Inclusivity Champion and further progress a pipeline of inclusive growth work.

(b)      That the Combined Authority notes that £190k from the £500k of SIF funding which was previously provisionally allocated to support scheme development relating to culture and creative industries and lead a creative new deal, is to be used to fund the Beyond Bronte’s programme, subject to Assurance Framework approvals.

(c)      That the Combined Authority delegates to the Finance, Resources and Corporate Committee, the approval for the programmes set out in the report to pass through Decision Point 2, totalling no more than £0.9m of funding from the Single Investment Fund.