STRATEGY FOR REMAINING UNALLOCATED GROWTH DEAL FUNDING
Hedd
Vaughan-Evans (Portfolio Director) to present the report.
Decision:
To
approve the draft strategy for the unallocated Growth Deal funds as noted in
section 5, Strategic Business Case of the Commercial Property Fund and the
Strategic Business Case for the Innovation and Growth Fund and ask the
Portfolio Director to take the necessary steps to introduce a Final Business
Case for consideration.
To
approve the proposed decision-making framework for the proposed funds as noted
in section 6 of the report and ask the Portfolio Director to incorporate the
framework in the final business cases before being submitted for
consideration. The Innovation and Growth
Fund's Strategic Outline Case and ask the Portfolio Director to undertake all
required steps to submit a final business case for consideration.
To agree
to the changes in the Reserve List as outlined in section 5 of the report and
ask the Portfolio Director to undertake all operational steps to implement the
changes.