Resolved:
(a) That the Combined Authority indicatively approves £13.5m gainshare for COVID recovery, for the extension of the existing [Re]boot and the Employment Hub projects, with full approval to spend being granted once the project change requests have progressed through the assurance process in line with the Combined Authority’s Assurance Process.
(b) That approval of the required existing project change requests be delegated to the Investment Committee and be assessed in line with the Combined Authority’s assurance process.
(c) That the progress made in the design of the Single Investment Fund (SIF) as the transition to a Mayoral Combined Authority (MCA) takes place be noted.