Agenda item

(i)              In respect of the Net Zero Region Accelerator the Investment Committee approved that:

(a)        The Net Zero Region Accelerator scheme proceeds through decision point 2 (Strategic Outline Case) and decision point 4 (Full Business Case) with Approval to Proceed to activity 5 (Delivery).

(b)        Approval to the Combined Authority’s contribution of £0.8 million (which will be funded from the Combined Authority’s gainshare to fund the economic recovery is given. The total scheme value is £0.8 million.

(c)        Future approvals be 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.

(ii)             In respect of the Health Innovation support the Investment Committee approved that:

(a)        The Health Innovation Support scheme proceeds through decision point 2 (Strategic Outline Case) and decision point 4 (Full Business Case) with Approval to Proceed to activity 5 (Delivery).

(b)        Approval to the Combined Authority’s contribution of £0.200 million (which will be funded from the Combined Authority’s gainshare to fund the economic recovery) is given.  The total scheme value is £0.200 million.

(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.

(iii)           In respect of the Entrepreneurship Package of Support the Investment Committee approved that:

(a)        The Entrepreneurship Package of Support project proceeds through decision point 2 (strategic outline case) and decision point 4 (full business case) with Approval to Proceed to activity 5 (delivery).

(b)        Approval to the Combined Authority’s contribution of £6 million, funded from the Combined Authority’s gainshare to fund the economic recovery, is given. The total scheme value is £6 million. 

(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.

(iv)           In respect of the Housing Revenue Fund the Investment Committee recommended to the Combined Authority that:

(a)        The Housing Revenue Fund programme proceeds through decision point 2 (strategic outline case) and decision point 4 (full business case) with Approval to Proceed to activity 5 (delivery).

(b)        Approval to the remainder of the Combined Authority’s contribution of £2.95 million is given. The total scheme value if £3.2 million.

(c)        Allocation of the £2.95 million of funding for the individual work packages is delegated to the Managing Director.

(d)        Future approvals are made in accordance with the assurance pathway and approval route outlined in this report.

(v)            In respect of the TCF: Skipton Railway Station Gateway – Active Travel Improvement Scheme the  Investment Committee approved that:

(a)        The Skipton Railway Station Gateway - Active Travel Improvement scheme proceeds through decision point 3 (Outline Business Case) and work commences on activity 4 (Full Business Case).

(b)        An indicative approval to the Combined Authority’s contribution of £7.631million (which will be funded from the Transforming Cities Fund) is given. The total scheme value is £7.831 million.

(c)        Development costs of £0.934 million are approved in order to progress the scheme to decision point 4 (Full Business Case) taking the total scheme approval to £1.360 million.

(d)        The Combined Authority enters into an addendum to the existing Funding Agreement with North Yorkshire County Council for expenditure of up to £1.360 million from the Transforming Cities Fund.

(e)        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.

(vi)           That in respect of the TCF: Harrogate Railway Station Gateway – Active Travel Improvement Scheme the Investment Committee approved that:

(a)        The TCF Harrogate Railway Station Gateway - Active Travel Improvement scheme proceeds through decision point 3 (Outline Business Case) and work commences on activity 4 (Full Business Case).

(b)        An indicative approval to the Combined Authority’s contribution of £10.638 million (which will be funded from the Transforming Cities Fund) is given. The total scheme value is £10.938 million.

(c)        Development costs of £0.800 million are approved in order to progress the scheme to decision point 4 (Full Business Case) taking the total scheme approval to £1.445 million.

(d)        The Combined Authority enters into an addendum to the existing Funding Agreement with North Yorkshire County Council for expenditure of up to £1.445 million from the Transforming Cities Fund.

(e)        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.

(vii)         That in respect of the Steeton and Silsden Crossing the Investment Committee approved that:

(a)        The CityConnect Steeton and Silsden Crossing scheme proceeds through decision point 3 (Outline Business Case) and work commences on activity 4 (Full Business Case). The scheme will be developed up to Full Business Case stage only. At this stage funding to progress the scheme beyond Full Business Case to delivery has not been identified, with options still being explored.

(b)        Development costs of £0.49 million are approved in order to progress the scheme to decision point 4 (Full Business Case) taking the total scheme approval to £0.7 million.

(c)        The Combined Authority enters into an addendum to the existing Funding Agreement with Bradford Metropolitan District Council for expenditure of up to £0.7 million from the Cycle City Ambition Grant ‘top up’ fund.

(d)        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.

(viii)        That in respect of the Leeds City Region Growth Service the Investment Committee recommended to the Combined Authority that:

(a)        The change request to the Growth Service Programme to extend the delivery timescales to March 2023 and formal acceptance of £1.062 million of additional funding and approval of Combined Authority’s contribution of £0.802 million, including the interim underwriting of the BEIS contribution from other combined authority resources, pending the Autumn 2021 budget outcome.

(b)        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.