Decision details

Enterprise Zone - Parry Lane

Decision Maker: West Yorkshire Combined Authority

Decision status: Information Only

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Approval for the scheme to proceed through Decision Point 3 (Outline Business Case) and work commence on Activity 5 (Full Business Case with Finalised Costs).

Decision:

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

(i)          That the EZ Parry Lane scheme proceeds through decision point 3 and work commences on activity 4 (full business case).

(ii)         That the total cost of the scheme is £18.88 million. An indicative approval to the Combined Authority’s contribution of £8.081 million through the Local Growth Fund is given, 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 development costs of £540,000 are approved in order to progress the scheme to decision point 4 (full business case).

(iv)        That approval is given to enter into a Funding Agreement with the City of Bradford District & Metropolitan Council in order to assist in the development of the full business case for up to £540,000.

(v)         That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report including at decision point 4 and 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.

Report author: Jess McNeill

Publication date: 06/02/2020

Date of decision: 06/02/2020

Decided at meeting: 06/02/2020 - West Yorkshire Combined Authority

Effective from: 14/02/2020