Resolved: In respect of Leeds Inland Port -
That following a recommendation from the Investment Committee the Combined Authority approves:
(i) That the Leeds Inland Port project proceeds through decision point 2 and work commences on activity 3 (outline business case).
(ii) That an indicative approval to the Combined Authority’s contribution of £3.17 million is given, which will be funded through over-programming against the Local Growth 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). The total project value is £3.37 million (Canal & Rivers Trust match funding of £200,000).
(iii) That future approvals are made in accordance with the approval pathway and approval route outlined in the submitted report including at decision points 3 and 5 through a delegation to the Combined Authority’s Managing Director following a recommendation by the Combined Authority’s Programme Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in the submitted report.