Decision Maker: Chief Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
To enable the Combined Authority to actively
support businesses impacted by COVID-19 by the introduction of a
new Digital Resilience Fund supporting up to 200 businesses, while
the merged DIIF and SIIF would also be used more flexibly in
response to Covid-19.
To enable the merged DIIF and SIIF funding to be utilised more
flexibly to support the needs of businesses in the City Region as
well as inward investment projects.
To approve that:
• The Digital Inward Investment Fund (DIIF) and the Strategic
Inward Investment Fund (SIIF) are combined into one pot, which can
be used more flexibly to support businesses in the Leeds City
Region, who are growing and creating new jobs, as well as those who
are responding to the challenges presented by COVID-19. This will
create one fund with a total allocation of £13.45 million, of
which £4.22 million has already been committed to
businesses.
• The eligibility criteria for the Digital Inward Investment
Fund is extended to enable grant to be provided to businesses from
all sectors making investments in digital technologies and
equipment to enable staff to work from home.
Publication date: 04/09/2020
Date of decision: 28/08/2020