Decision Maker: Gloucestershire Economic Growth Joint Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Senior Officer Group members acknowledged the changing national policy and economic landscape that we are working in, and the uncertainties and potential implications this brings at a local level. greater understanding of their position and help with the justification of the additional funding request.
SOG are also acutely aware of the delays with central Government funding announcements such as the UKSPF and core funding for LEPs, and relieved that clarity has finally been given to the LEP on its core funding allocation for 23/24, which will now provide assurance for GFirst LEP with their future budget and operational planning.
SOG are fully supportive of this request to allocate a further £125,000 of SEDF funds to support the LEP with operational costs, to enable them to draw down the allocated Government funding of £250,000.
Agreement on the detailed delivery programme and finalisation of the MOU will be discussed at the next scheduled 6 month review meeting with the LEP.
Report author: Dev Chakraborty
Publication date: 15/03/2023
Date of decision: 15/03/2023
Decided at meeting: 15/03/2023 - Gloucestershire Economic Growth Joint Committee