To implement the recommendations of the Programme Appraisal Team (PAT) meeting of 15 August 2018 under the delegation of the Managing Director as approved by the Combined Authority on 6 July 2016.
The PAT recommends to the Combined Authority’s Managing Director that:
· The Energy Accelerator project proceeds through Decision Point 5 and work commences on Activity 6 (Delivery).
· Approval is given for expenditure up to 3.513 million Euros – approximately. £2.997 million (to be funded from the European Investment Bank’s ELENA Fund), together with £820,000 Local Growth Fund, taking the total project value to approximately £3.817 million (dependent upon exchange rate at the time of approval).
· Approval to enter into Project Sponsor Agreements for the provision of Services from the Accelerator is delegated to The Combined Authority’s Head of Legal & Governance.
· Future approvals are made in accordance with the Assurance Pathway and Approval Route outlined in this report including at Decision Points 6 & 7 through a delegation to the Combined Authority’s Director of Delivery following a recommendation by the Combined Authority’s Programme Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in this report.