Decision Maker: West Yorkshire Combined Authority
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The project will engage with SMEs across the
Leeds City Region with ambition and aspiration to grow through
providing an integrated package of support. The package will
comprise of tailored advice along with financial support (capital
grants) to help them grow and create new employment opportunities,
in targeted sectors.
The £7.06m project will be funded through a combination of
local (£990k) and EU funding (£2.16m), matched by the
enterprises engaged in the project (£3.91m).
(iii) In respect of the Strategic Business Growth Programme –
That following a recommendation from the Investment Committee, WYCA approves:
(a) That the Strategic Business Growth Programme proceeds through Decision Point 2 and work commences on Activity 5 (Full Business Case with Finalised Costs).
(b) That an indicative approval to WYCA’s contribution of £3.146m (which will be funded through £2.156m from the ESIF Grant and £0.990m from the WYCA Capital Grants 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).
(c) That future approvals are made in accordance with the Approval Pathway and Approval Route outlined in the submitted report including at Decision Point 5 through a delegation to WYCA’s Managing Director following a recommendation by WYCA’s Programme Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in the submitted report.
Report author: Caroline Norreys
Publication date: 06/10/2017
Date of decision: 05/10/2017
Decided at meeting: 05/10/2017 - West Yorkshire Combined Authority
Effective from: 17/10/2017