PORTFOLIO BUSINESS CASE UPDATE 2023
Alwen Williams, Portfolio Director and Hedd Vaughan-Evans, Head of Operations, to present the report (which has been circulated to Board Members only).
Decision:
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.
Minutes:
The report was submitted by Hedd Vaughan-Evans, Head
of Operations.
RESOLVED
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 note that the draft Gateway Review report must be
submitted to Welsh Government and UK Government as part of the Portfolio
Business Case and request that the Portfolio Director develop an action plan
for the Board's consideration to address the recommendations once the final
report has been received.
REASONS FOR THE
DECISION
It is a requirement of the
Final Deal Agreement that the Portfolio Business Case is updated on an annual
basis and submitted to Welsh Government and UK Government as part of the annual
award of funding process.