Agenda item

(Lead Member: Cllr D Jeffery, Director: Melanie Corcoran)

Resolved:

(a)      In respect of the Strategic Inward Investment Fund (SIIF) –

That  approval of the Strategic Outline Case (decision point 2) be delegated to the Investment Committee.

(b)      In respect of Project 7 – SIIF 012 – Advanced Manufacturing Company -

          That delegated authority is given to the Combined Authority’s Managing Director to approve, subject to the successful appraisal of the application by the Business Investment Panel (BIP) and Programme Appraisal Team (PAT):

(i)          The applicant’s full business case with finalised costs (decision point 5) and that work commences on activity 6 (delivery)

(ii)         Approval for the Combined Authority’s contribution of £0.779 million to be given from the Local Growth Fund.

(iii)       The scheme’s Assurance Framework pathway and approvals.

(c)      In respect of the A58 Corridor –

That following a recommendation from the Investment Committee, the Combined Authority approves:

(i)     That the A58 Corridor scheme proceeds through decision point 3 (outline business case) and work commences on activity 4 (full business case).

(ii)    That an indicative approval to the total project value of £9.530 millionis granted from the West Yorkshire plus Transport Fund, 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).

(iii)    That development costs of £1.259 million from the West Yorkshire plus Transport Fund are approved to cover costs to date to progress the scheme to outline business case and in order to progress the scheme to decision point 4 (full business case with finalised costs) and 5 (full business case with finalised costs).

(iv)       That the Combined Authority enters into a funding agreement with Leeds City Council for up to £1.259 million from the West Yorkshire plus Transport Fund.

(v)        That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report subject to the scheme remaining within the tolerances outlined in the report.

(d)      In respect of Mytholmroyd Flood Alleviation –

That following a recommendation from the Investment Committee, the Combined Authority approves:

(i)     That the change request to the Mytholmroyd Flood Alleviation scheme to award an additional £2.000 million from the Local Growth Fund, taking the total Combined Authority Local Growth Fund contribution to £4.500 million, is approved.

(ii)    That the Combined Authority enters into a variation to the existing funding agreement or into a new agreement with the Environment Agency, for additional expenditure of up to £2.000 million from the Local Growth Fund taking the full allocation of Combined Authority funding to £4.500 million.

(iii)    That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report subject to the scheme remaining within the tolerances outlined in the report.

The Combined Authority considered a report of the Director, Delivery on the progress and funding for the following schemes through the Combined Authority’s assurance process:

·       Strategic Inward Investment Fund (SIIF) Pipeline

·       Strategic Inward Investment Fund (SIIF) Project 7 – SIIF 012 – Advanced Manufacturing Company

·       A58 Corridor, Leeds

·       Mytholmroyd Flood Alleviation

In addition, it was noted that the following decision points and change requests had been assessed and approved through the agreed delegation process:

·       Transforming Travel Centres, Bradford, Huddersfield & Leeds

·       Local Transport Plan (LTP): Integrated Transport Block (ITB) Rail Accessibility Package

·       Wakefield Warm Homes

·       Holbeck Phase 2, Victorian Terrace Retrofit

·       Wakefield Business Gigabit Voucher Scheme

Details of all the schemes were provided in the submitted report.  However, in respect of the Strategic Inward Investment Fund, it was noted that the detail of the projects was highly confidential and the Combined Authority has Non-Disclosure Agreements (NDAs) in place with the applicants. The information published on the website will include only headline information to retain the commercial integrity of the projects.

Resolved:

(a)      In respect of the Strategic Inward Investment Fund (SIIF) –

That approval of the Strategic Outline Case (decision point 2) be delegated to the Investment Committee.

(b)      In respect of Project 7 – SIIF 012 – Advanced Manufacturing Company -

          That delegated authority is given to the Combined Authority’s Managing Director to approve, subject to the successful appraisal of the application by the Business Investment Panel (BIP) and Programme Appraisal Team (PAT):

(i)          The applicant’s full business case with finalised costs (decision point 5) and that work commences on activity 6 (delivery)

(ii)         Approval for the Combined Authority’s contribution of £0.779 million to be given from the Local Growth Fund.

(iii)       The scheme’s Assurance Framework pathway and approvals.

(c)      In respect of the A58 Corridor –

That following a recommendation from the Investment Committee, the Combined Authority approves:

(i)     That the A58 Corridor scheme proceeds through decision point 3 (outline business case) and work commences on activity 4 (full business case).

(ii)    That an indicative approval to the total project value of £9.530 millionis granted from the West Yorkshire plus Transport Fund, 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).

(iii)    That development costs of £1.259 million from the West Yorkshire plus Transport Fund are approved to cover costs to date to progress the scheme to outline business case and in order to progress the scheme to decision point 4 (full business case with finalised costs) and 5 (full business case with finalised costs).

(iv)       That the Combined Authority enters into a funding agreement with Leeds City Council for up to £1.259 million from the West Yorkshire plus Transport Fund.

(v)        That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report subject to the scheme remaining within the tolerances outlined in the report.

(d)      In respect of Mytholmroyd Flood Alleviation –

That following a recommendation from the Investment Committee, the Combined Authority approves:

(i)     That the change request to the Mytholmroyd Flood Alleviation scheme to award an additional £2.000 million from the Local Growth Fund, taking the total Combined Authority Local Growth Fund contribution to £4.500 million, is approved.

(ii)    That the Combined Authority enters into a variation to the existing funding agreement or into a new agreement with the Environment Agency, for additional expenditure of up to £2.000 million from the Local Growth Fund taking the full allocation of Combined Authority funding to £4.500 million.

(iii)    That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report subject to the scheme remaining within the tolerances outlined in the report.