Agenda and minutes

Business Investment Panel
Wednesday, 2nd September, 2020 10.00 am

Venue: to be livestreamed here: https://www.youtube.com/channel/UCazjNSGpqZZT41Vibn2ZK9A/live (copy and paste the link in your brower)

Items
No. Item

1.

Apologies for absence

Minutes:

In the absence of Councillor Judith Blake, Councillor Jane Scullion chaired the meeting.

 

Apologies were received from Councillor Judith Blake, Councillor Shabir Pandor, Councillor Darren Byford, Councillor Graham Swift. Michael Allen Simon Wright and Marcus Mills.

2.

Declarations of disclosable pecuniary interests

Minutes:

[JW1] There were no items of pecuniary interests declared at the meeting.


 [JW1]

3.

Exempt information - Exclusion of the press and public

1.    To highlight Appendix 1 and 2 to Agenda Item 5 and Appendix 1 to Agenda item 6 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 in paragraph 11.1 and 11.2 of Agenda Item 5 and paragraph 8.1 and 8.2 of Agenda item 6

 

3.    If the recommendation is 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 Appendix 1 and 2 to Agenda Item 5 and 1 of Agenda item 6 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 Appendix 1 and 2 to Agenda Item 5 and 1 of Agenda item 6 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.

4.

Minutes of the meeting of the Business Investment Panel held 11 March 2020 pdf icon PDF 32 KB

Minutes:

That the minutes of the Business Investment Panel held on 11 March 2020 be approved and signed by the Chair.

5.

Business Growth Programme pdf icon PDF 236 KB

Minutes:

The Panel considered a report to outline the current position regarding progress in committing grants through the Leeds City Region Enterprise Partnership (the LEP) Business Growth Programme (BGP) and was asked to note the updates at paragraph 4.1, 5.1, 6.1 and 7.1.

 

The Panel was asked to consider the new grant application outlined in paragraph 3.1 and detailed in exempt appendices 1 and 2.

 

Resolved: 

 

(i)             That the contents of the report be noted.

 

(ii)            That the updates in paragraph 4.1, 5.1, 6.1 and 7.1 be noted.

 

(iii)           That the grant application outlined in paragraph 3,1 and detailed in exempt Appendices 1 and 2 be recommended for approval.

 

6.

Growing Places Fund pdf icon PDF 314 KB

Minutes:

The Panel considered a report to update on progress in committing loans through the Growing Places Fund (GPF).

 

The Growing Places Fund (GPF) began in 2012 offering loans to support projects that required additional capital funding to deliver jobs and economic

growth and to unlock stalled developments post-recession, within a timescale of five years or less. The fund was open to all businesses and organisations of any size based in or looking to invest in the Leeds City Region. The Fund

typically sought private sector leverage on the basis of 1:3. Any future loans

are currently on hold pending the launch of a new investment strategy which is expected later in 2020.

 

The Panel was asked to note the progress of the Growing Places Fund the information provided in Exempt Appendix 1.

 

Resolved:

 

(i)             That the contents of the report be noted.

 

(ii)            That the information provided in Exempt Appendix 1 be noted.

 

7.

Date of next meeting 6 October 2020

Minutes:

The date of the next meeting is 6 October 2020