Decision status: Approved
Is Key decision?: No
Is subject to call in?: No
1. To
support the recommendation for the following projects:
·
HSC01 – North East Wales
Hydrogen Hub (NEW – H2): To invite the project to join the North Wales Growth
Deal, subject to agreeing an MOU with the project sponsor.
·
HSC03 – Project HydRive: While
not inviting the project to join the Growth Deal, to support the concept and
further development of the project with the PMO with a view that the project
could be considered for funding through the Smart Local Energy fund once
launched.
2. To
delegate authority to the Portfolio Director and Monitoring Officer, in
consultation with the Chair and Vice-chair to confirm conditions with the
project sponsor of HSC01 and to enter into a Memorandum of Understanding (MOU)
with the project sponsor clarifying the requirements and expectations relating
to Growth Deal Funding.
3. To
note that inviting a project to join the Growth Deal is not a decision to
invest in the project. In line with the usual process to access funding, all
projects will be required to produce a business case for consideration by the
Board.
4. To
note that supporting the principle of project HSC03 does not provide any
guarantee of funding through the alternative sources suggested. Any future
application would need to be assessed on merit against the criteria set out.
Publication date: 15/03/2024
Date of decision: 15/03/2024
Decided at meeting: 15/03/2024 - North Wales Economic Ambition Board