Decision details

1.         That the Board approve the 2023 update of the Portfolio Business Case including the associated change request and its submission to Welsh Government and UK Government as part of the annual award of funding process.

2.         That the Board request that the Portfolio Director submit all required documentation and change request form to Welsh and UK Government as part of the annual award of funding process and delegate to the Portfolio Director, in consultation with the Chair and the Vice Chair of the North Wales Economic Ambition Board, the Monitoring Officer and the S151 Officer, authority to negotiate with Welsh Government and UK Government on the timing of the award of funding and to make any minor amendments as requested by either government.

3.         That the Board notes the need for the Gateway Review report to be submitted to the Welsh Government and the UK Government as part of the Portfolio Business Case and requests that the Portfolio Director develops an action plan for the Board's consideration to address the recommendations once the final report has been received.