Getting Building Fund: Business Growth Programme
Decision:
(i) In respect of the Business Growth Programme the Investment Committee approved that:
(a) The change request to the Business Growth Programme to allocate £7 million of the Getting Building Fund as match funding for the Business Growth Programme and extend the delivery timescales to March 2022 is approved.
(b) The Service Level Agreement for the Business Growth Programme between Leeds City Council and the Combined Authority is updated to reflect the new funding and extended delivery timescales. The Council undertakes grant appraisal and monitoring work for smaller grants of under £50,000 (this accounts for circa 70% of all applications).
(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.
Minutes:
(i) In respect of the Business Growth Programme the Investment Committee approved that:
(a) The change request to the Business Growth Programme to allocate £7 million of the Getting Building Fund as match funding for the Business Growth Programme and extend the delivery timescales to March 2022 is approved.
(b) The Service Level Agreement for the Business Growth Programme between Leeds City Council and the Combined Authority is updated to reflect the new funding and extended delivery timescales. The Council undertakes grant appraisal and monitoring work for smaller grants of under £50,000 (this accounts for circa 70% of all applications).
(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.