Venue: South Yorkshire MCA, 11 Broad Street West, Sheffield, S1 2BQ
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Welcome and Apologies Minutes: Neil MacDonald, in the Chair, welcomed attendees to the meeting.
Apologies for absence were noted as above.
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Declarations of Interest by individual Members in relation to any item of business on the agenda. Minutes: None. |
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Urgent items / Announcements Minutes: None. |
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Public Questions of Key Decisions Minutes: None. |
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Minutes of the Previous Meeting PDF 235 KB Minutes: RESOLVED: That the minutes of the meeting held on 16th March 2023 be agreed as a true record. |
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Matters Arising / Action Log PDF 140 KB Minutes: RESOLVED: To note that all actions in the log were now closed. |
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Growth Hub Transition Plan PDF 342 KB Minutes: A report on the proposed transition of SYMCA’s Growth Hub service, to a primarily online service, was presented.
Three options were proposed for the possible speed of the transition:
It was noted that in the online only service, the Growth Hub would act as a referral service to local, regional or national business support providers, using online tools and online contact mechanisms.
It was asked whether all resources needed to reach the final model were in place. A response was given that some resource is available for content migration but a lack of dedicated IT and communications resource may impact upon the speed of the transition.
RESOLVED: that the Board approve Option 2 - a 6 month transition to the new model. |
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Business Support Funding Priorities PDF 221 KB Additional documents:
Minutes: A report and presentation on Business Support Funding Priorities was presented.
It was noted that funding these priorities would create a business support system which would simplify and coordinate the business landscape in South Yorkshire.
Cross party co-design and ongoing steering would be essential to all aspects of the proposed support systems.
Proposals for a system of start-up accelerators were presented, such as:
The Chair and lead Chief Executive of the Education, Skills and Employability (ESE) Board had been consulted in the development of this item. In addition, the decision would be reported to the MCA Board at its July meeting.
A discussion was had around the proposed use of underspent skills Renewal Action Plan (RAP) funding, noting that acceleration interventions would largely focus on skills funding for businesses.
ACTION: Innovation Project Director to contact ESE Board Chair to confirm an approach to communication of the approach with the wider ESE Board.
Proposals for programmes to drive innovation and productivity were presented, including:
It was noted that for the acceleration and innovation priorities, partners would be procured to deliver specialist provision, rather than being delivered directly by the MCA.
Proposals for cultural and creative sector development were presented, such as:
Proposals for Digital and Tech Sector Development were presented, such as:
It was noted that £2m could be deployed from the Mayoral Gainshare Fund to support Early-Stage finance, in particular the development of a co-investment model. An ambition to create a programme of supply chain diversification was also presented, in particular:
RESOLVED that the Board: · Agree to amend 40% match in Acceleration and Innovation funding, to an “up to 40%” match, · Approve deployment of £3.1m underspent Renewal Action Plan (business) funding for the business support priorities set out in para 1.5, · Recommend the deployment of £3m from the Renewal Action Plan (skills) budget for the business support ... view the full minutes text for item 90. |
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Any Other Business Minutes: None. |