PORTFOLIO REVIEW
Alwen Williams
(CJC Interim Chief Executive / Portfolio Director) and Hedd Vaughan-Evans (Head
of Operations) to present the report.
Decision:
That the Sub-Committee agrees to the
project-specific recommendations, as set out in section 5 and Appendix 1 of
this report following the completion of the portfolio review.
To approve the establishment of a Reserve List
as set out in section 7 and Appendix 2 of this report, together with the
criteria and timetable for the Expression of Interest (EOI) process to appoint
projects to the reserve list.
To add an alternative scheme for Trawsfynydd to
the formal Reserve List of the Growth Deal.
That the Sub-Committee asks the Office of
Portfolio Management (PMO) to agree to a streamlined assurance and approval
process with the Welsh and UK Governments to enable decisions on new projects
to be made in an effective and efficient manner.
Minutes:
he report was
submitted by the interim Chief Executive of the North Wales Corporate Joint
Committee and the Head of Operations.
RESOLVED
That the
Sub-committee agrees to the project-specific recommendations, as set out in
section 5 and Appendix 1 of this report following the completion of the
portfolio review.
To approve the
establishment of a Reserve List as set out in section 7 and Appendix 2 of this
report, together with the criteria and timetable for the Expression of Interest
(EOI) process to appoint projects to the reserve list.
To add an alternative
scheme for Trawsfynydd to the formal Contingency List
of the Growth Deal.
That the
Sub-committee asks the Portfolio Management Office (PMO) to agree to a
streamlined assurance and approval process with the Welsh and UK Governments to
enable decisions on new projects to be made in an effective and efficient
manner.
REASONS FOR THE
DECISION
The decision is in
response to the request made by the Economic Ambition Board in February 2025 to
review projects in the Growth Deal that are at risk of not being delivered, and
to put forward clear recommendations for consideration.
DISCUSSION
The
Report was discussed.