That the Scrutiny Committee is of the view
that the Business Plan; Governance Agreement 2; the funding model and the
operational arrangements are clear and robust to achieve the objectives of the
Growth Agreement for the benefit of the businesses and residents of Gwynedd.
¾ To approve the submission of the Portfolio
Business Case and the 5 Programme Business Cases to
UK and Welsh Governments for Final Deal Agreement on the North Wales Growth
Deal.
¾
To agree that each of the Partners individually approve the
Overarching Business Plan that sets out the arrangements for delivering the
North Wales Growth Deal as the basis for completing the Final Deal Agreement
and acceptance of the Grant Funding Letter with the UK and Welsh Governments.
¾
To agree that each of the Partners individually approve and enter
into Governance Agreement 2 and specifically adopt the delegations and Terms of
Reference in “Governance Agreement 2: Appendix 1” thereof as the basis for entering
into the Final Deal Agreement and acceptance of the Grant Funding letter with
the UK and Welsh Governments.
¾
To approve the method used to calculate the cost of borrowing
notionally required to facilitate the negative cash flow for the Growth Deal,
and the corresponding annual partner contributions required to meet this cost
and the established core and supplementary contributions as set out in GA2 (and
in paragraphs 5.5 - 5.7 of the report).
¾
To agree that the Programme Director in consultation with the
Chair and Vice Chair of the NWEAB, the
Accountable Body Monitoring Officer and the Accountable Body Section 151
Officer be granted delegated authority to agree minor changes to the documents
as necessary to complete the agreement.
¾ To approve the renaming of the of Programme
Office to the Portfolio Management Office in line with best practice and as a
consequence, change the job title of the Programme Director to Portfolio
Director.