Issue - meetings

RESOLVED – That Board Members considered and approved:-

1.    Award of £40,000 to company 47 as set out in appendix A.

2.    Award of £42,555 to company 46 as set out in appendix B.

3.    Award of £35,000 to company 30a as set out in appendix C.

4.    Award of £36,584 to company 19 as set out in appendix D.

5.    Award of £50,000 to company 40a as set out in appendix E.

6.    Award of £89,000 to company 6 as set out in appendix F.

7.    Award of £75,000 to company 7 as set out in appendix G.

8.    Award of £100,000 to company 4 as set out in appendix H.

9.    Award of £32,788 to company 3 as set out in appendix I.

10.Award of £100,000 to company 49 as set out in appendix J.

11.Award of £99 988 to company 2 as set out in appendix K.

12.Award of £100,000 to company 30b as set out in appendix L.

13.Award of £100,000 to company 47 as set out in appendix M.

14.Delegated authority be given to the Head of Paid Service in consultation with the S73 and Monitoring Officer to enter into legal agreements for the schemes covered in 1-13 above. 

A report was received requesting the approval for 13 schemes with a total value over all years of £900,915 and seeks delegated authority to be given to the Head of Paid Service in consultation with the S73 and Monitoring Officer to enter into legal agreements for the schemes.

The following BIF Made Smarter schemes were presented for the Board’s consideration:-

BIF Made Smarter Approval – Company Ref. 47, Sheffield

A report was received to enable the Board to take a decision whether to support the proposal of a BIF Made Smarter (LGF) grant of £40,000 to a Sheffield based company to create a new data platform prototype to drive new business.

The investment will create 3 new jobs which equates to a cost per job of £13,333, considered acceptable value for money for the investment.

BIF Made Smarter Approval – Company Ref. 46, Chesterfield

A report was received to enable the Board to take a decision whether to support the proposal of BIF Made Smarter (LGF) grant of £42,555 to a Chesterfield based company to improve process control utilising electronic sensors and a bespoke software control system. 

The company is forecasting cost savings and will create 4 new jobs which equates to a cost per job of £10,639, considered acceptable value for money for the LGF investment.

BIF Made Smarter Approval – Company Ref. 30a, Rotherham

A report was received to enable the Board to take a decision whether to support the proposal of BIF Made Smarter (LGF) grant of £35,000 to a Rotherham based company to install a data integration system to support operational improvements.

The project will support winning additional orders and safeguarding 5 jobs which equates to a cost per job of £7,000, considered acceptable value for money for the investment.

BIF Made Smarter Approval – Company Ref. 19, Sheffield

A report was received to enable the Board to take a decision whether to support the proposal of BIF Made Smarter (LGF) grant of £36,584 to a Sheffield based company towards a paperless warehouse management system enabled with WiFi technology to improve efficient stock management.

The project is forecast to result in 6 new jobs in 2020.  This would represent a gross cost per job of £6,097, considered acceptable value for money for the investment. 

BIF Made Smarter Approval – Company Ref. 40a, Sheffield

A report was received to enable the Board to take a decision whether to support the proposal of BIF Made Smarter (LGF) grant of £50,000 to a Sheffield based company to invest in specialist robotic equipment to improve the quality of the product, improve consistency and reduce waste.

The project will create 2 jobs within 24 months.  This would represent a gross cost per job of £25,000, considered acceptable value for money for the investment. 

The following BIF Productivity Challenge schemes were presented for the Board’s consideration:-

BIF Productivity Challenge Approval – Company Ref. 6, Chesterfield

A report was received to enable the Board to take a decision whether to support the proposal  ...  view the full minutes text for item 9