Decision details

Transforming Cities Fund

Decision Maker: West Yorkshire and York Investment Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

Resolved:

 

(i)          That the Investment Committee notes this progress update in the context of TCF funded projects that are also being brought for consideration of Approval at this meeting and subsequent meetings.

 

(ii)         The Investment Committee recommends to the Combined Authority that:

 

(a)  £11.851m of TCF funding is approved to repay development costs incurred by partners and enable further development work on the projects within the programme as per Appendix A to enable progression to their next Decision Points of the Assurance Framework.

 

(b)  Up to £3m TCF funding is approved, to re-pay spend incurred to date on early development work, previously approved from the Transport Fund Transformational Pot.

 

(c)   The Combined Authority enters into Funding Agreements with partners for expenditure as detailed in Appendix A plus the spend incurred to date on early development work, previously approved from the Transport Fund Transformational Pot from the Transforming Cities Fund.

 

(iii)       The Investment Committee Recommends to the Combined Authority that:

 

(a)    The £4.930m TCF Programme Management allocation is approved to enable the Combined Authority to effectively undertake Programme Management functions for the lifetime of the TCF funded programme.

 

(b)    The £1.00m TCF Benefits Realisation allocation is approved, to enable the Combined Authority to provide monitoring and evaluation of the overall programme in line with DfT expectations

 

Publication date: 14/05/2020

Date of decision: 13/05/2020

Decided at meeting: 13/05/2020 - West Yorkshire and York Investment Committee

Effective from: 22/05/2020

Accompanying Documents: