Decision details

(i)              That in respect of the MCA Digital programme the Investment Committee recommends to the Combined Authority that:

(a)        The MCA Digital project proceeds through decision point 2 and work commences on activity 5 (full business case with finalised costs).

(b)        An indicative approval to the total project value of £1.97 million is given, to be funded by the Combined Authority from borrowing or the use of capital receipts 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).

(c)        Development costs of £0.156 million are approved in order to progress the scheme to decision point 5 (full business case with finalised costs).

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

(ii)             That in respect of the One City Park, Bradford scheme the Investment Committee approves that:

(a)        The One City Park proceeds through decision point 4 and work commences on activity 5 (full business case with finalised costs).

(b)        An indicative approval of £7.5 million is given from the Getting Building Fund with full approval to spend being granted once the scheme has progressed through the assurance process to decision point 5. The total scheme cost is forecast at £28.789 million with the remaining £21.289 million funded by Bradford Council.

(c)        This approval replaces the £4.8 million Local Growth Fund allocation approved by the Combined Authority on 29 September 2016. 

(d)        Development costs of £1.909 million are approved in order to progress the scheme to decision point 5 (full business case with finalised costs).

(e)        The Combined Authority enters into a funding agreement with Bradford Council for expenditure of up to £1.909 million from the Getting Building Fund.

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

(iii)           That in respect of the Corridor Improvement Programme: Huddersfield Southern Corridors scheme the Investment Committee approves that:

(a)        The Huddersfield Southern Corridor scheme proceeds through decision point 4 and work commences on activity 5 (Full business case with finalised costs).

(b)        An indicative approval to the Combined Authority’s contribution of £10.42 million to be funded from the West Yorkshire plus Transport 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). The total scheme cost is £13.57 million.

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

(iv)           In respect of the Parry Lane Enterprise Zone the Investment Committee approved that:

(a)        The EZ Parry Lane scheme proceeds through decision point 4 and work commences on activity 5 (Full business case with finalised costs).

(b)        Indicative approval of to the Combined Authority contribution of £6.969 million, of which £1.886 million from the LGF and £5.083 million from GBF, is given, with full approval to be granted once the scheme progresses through decision point 5 (Full business case with finalised costs). The total scheme value is £7.066 million.

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

(v)            In respect of the A64 Regent Street Bridge – Leeds City Centre Package the Investment Committee recommends to the Combined Authority that:

(a)        The A64 Regent Street Bridge – Leeds City Centre Package scheme proceeds through decision point 5 and work commences on activity 6 (delivery).

(b)        Approval to the Combined Authority’s contribution of £12 million to be funded from the West Yorkshire plus Transport Fund (WY+TF) is given. The total scheme value is £31 million.

(c)        Approval to increase the Leeds City Centre Package programme budget by £12 million from £66.8 million to £78.8 million.

(d)        The Combined Authority enters into a funding agreement with Leeds City Council for expenditure of up to £12 million from the WY+TF.

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

(vi)           In respect of the SIIF Pipeline (project 5) the Investment Committee approved that:

(a)        The SIIF Pipeline (Project 5) project proceeds through decision point 2 and work commences on activity 6 (delivery).

(b)        Approval to the Combined Authority’s contribution of £2 million from the Local Growth Fund’s Strategic Inward Investment Fund is given with full approval to spend being granted once the scheme has progressed through the Assurance Process to decision point 5. Total project costs are £13.666 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