Decision details

(a)   To approve the Overarching Business Plan as the document that sets out the arrangements for delivering the North Wales Growth Deal as the basis for completing the Final Agreement and acceptance of the Grant Funding Letter with the UK and Welsh Governments.

(b)  To approve the provisions in Governance Agreement 2, which involve the non-executive functions, and specifically adopt the arrangements for Scrutiny that have been noted in "Governance Agreement 2: Appendix 3" as the basis for completing the Final Agreement and acceptance of the Grant Funding Letter with the UK and Welsh Governments. 

(c)  Subject to completing Governance Agreement 2, that Gwynedd Council agrees to act as the Host Authority and the Accountable Body and signs the letter of the Grant Funding Proposal on behalf of the Partners through the Chief Finance Officer.

(ch) To approve the method used to calculate the cost of borrowing, which is required in principle to facilitate the negative cash flow for the Growth Deal, and to include a provision within the Council Budget to pay this contribution and the established core and supplementary contributions as set out in GA2 (and in paragraphs 5.5 - 5.7 of the report).

(d) To delegate authority to the Chief Executive, in consultation with the Leader, the Monitoring Officer and the Section 151 Officer, to agree minor changes to the documents with the Partners as necessary to complete the agreement.