Agenda and minutes

Business Investment Panel
Wednesday, 5th December, 2018 10.00 am

Venue: Committee Room A

Items
No. Item

43.

Apologies for absence

Minutes:

Apologies for absence were received from Councillor Graham Swift, Councillor Tim Swift, Councillor Darren Byford, Michael Allen and Gareth Yates.

44.

Declarations of disclosable pecuniary interests

Minutes:

Simon Wright disclosed a disclosable pecuniary interest in relation to Growing Places Fund Loans exempt Item 7, Appendix 1.

45.

Exempt information - Exclusion of the press and public

1.    To highlight Appendices 1 and 2 of agenda item 6 and Appendix 1 of agenda item 7 which officers have identified as containing exempt information within the meaning of Schedule 12A to the Local Government Act 1972, and where officers consider that the public interest in maintaining the exemptions outweighs the public interest in disclosing the information, for the reasons outlined in the report.

 

2.    To consider whether or not to accept the officers’ recommendation in respect of the above information as set out at paragraphs 5.1 and 4.1 respectively.

 

3.    If the recommendations are accepted, to formally pass the following resolution:-

 

RESOLVED – That in accordance with paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972, the public be excluded from the meeting during consideration of Appendices 1 and 2 of agenda item 6 and Appendix 1 of agenda item 7 on the grounds that they are likely, in view of the nature of the business to be transacted or the nature of the proceedings, that if members of the press and public were present there would be disclosure to them of exempt information and for the reasons set out in the report that in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

Minutes:

Resolved: That in accordance with paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972, the public be excluded from the meeting during consideration of Appendices 1 and 2 of Agenda Item 6 and Appendix 1 of Agenda Item 7 on the grounds that it is likely, in view of the nature of the business to be transacted or the nature of the proceedings, that if members of the press and public were present there would be disclosure to them of exempt information and for the reasons set out in the report that in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

46.

Minutes of the meeting of the Business Investment Panel held on 6 November 2018 pdf icon PDF 118 KB

Minutes:

Resolved: That the minutes of the Business Investment Panel held on 6 November 2018 be approved and signed by the Chair.

47.

Strategic Inward Investment Fund pdf icon PDF 90 KB

Led by: David Shepherd

Minutes:

The Panel considered a report which outlined the current position regarding progress in committing grants through the Leeds City Region Enterprise Partnership (the LEP) Strategic Inward Investment Fund (SIIF).


The Panel was updated on the project application (SIIF 006) which it had recommended for approval at its last meeting on 6 November 2018. The application had now been considered at Investment Committee on 7 November 2018, where it was also recommended that the project be approved.

 

A final decision will be made by the Combined Authority on 13 December 2018.

 

At the Panel meeting on 5 October 2018, Members asked for a more detailed report on the Leeds City Region’s comparative performance on inward investment to be produced. This has now been circulated to Members and it was noted that a briefing is offered to Members should they so require.

 

Resolved:

 

(i)         That the update on the progress of the Strategic Inward Investment Fund (SIIF) be noted.

 

(ii)        That the Panel noted progress on SIIF 006 and awaits an update at the next meeting.

48.

Business Grants Programme pdf icon PDF 106 KB

Led by: Neill Fishman

Additional documents:

Minutes:

The Panel considered a report which outlined the current position regarding progress in committing grants through the Leeds City Region Enterprise Partnership (the LEP) Business Grants Programme (BGP).

 

Members were informed that there are two potential projects in the pipeline to be reported on at the next meeting.

 

The Panel was asked to consider the grant application (project reference 1099606) which was attached at exempt Appendices 1 and 2.

 

Resolved:

 

(i)        That the update on progress on the Business Grants Programme (BGP) be noted.

 

(ii)       That the panel recommends approval for the project reference 1099606, subject to the amended terms as discussed.

49.

Growing Places Fund loans pdf icon PDF 93 KB

Led by:  Chris Brunold

Additional documents:

Minutes:

The Panel considered a report which provided an update on the progress in committing loans through the Leeds City Region Enterprise partnership (the LEP) Growing Places Fund (GPF).

 

Members were informed that there are three projects due to successfully conclude their payments by the end of this Financial Year, with upward of £10m income anticipated.

 

The Panel was also updated on one project (project reference 315) with changed circumstances which was attached at exempt Appendix 1.

 

Simon Wright left the room during discussion of Appendix 1.

 

Resolved:

 

(i)        That the update on progress on the Growing Places Fund (GPF) be noted.

 

(ii)       That the update on the changed circumstance of Project 315 be noted and comment from the Panel be taken into account in respect of further discussions.

50.

Date of next meeting

Minutes:

The next meeting is 10 January 2019 at 2pm in Committee Room A, Wellington House, Leeds