Agenda item

The Board received a report and accompanying performance dashboards which provided an update on performance information on all business growth programmes delivered on behalf of the LEP and MCA.

The report and performance dashboards gave details of:

·           The Business Investment Fund

·           The SCR Growth Hub

·           The Inward Investment Key Account Management

Board Members noted that Statutory Officers were considering a BIF clawback paper setting out the principles and criteria for the application of clawback.  If agreed, Board Members would be provided with an update of the schemes that may be subject to clawback. 

It was noted that close scrutiny of large value projects continues.  Two projects had recently had their offer of funding withdrawn due to not progressing to the delivery stage. 

N MacDonald queried if the SCR Team received information on the Northern Powerhouse Investment Fund.  He also asked if feedback could be provided to Board Members on the fund. 

D Grimes replied that the SCR Team did receive information on the Northern Powerhouse Investment Fund, however, this was very limited. 

RESOLVED – That Board Members:-

1.      Scrutinised the performance information provided in order to identify future performance deep-dives or significant areas of risk.

Reviewed the format and detail of information to inform future iterations of the dashboard.