The Leader of the Council – Regeneration Cabinet Member – Minutes – 23 February 2012

16  (16) REGIONAL GROWTH FUND – GOVERNANCE – The Head of Regeneration and Planning submitted a report to inform the Cabinet Member of progress on the development of the Regional Growth Fund (RGF) Programme and  seek approval for the governance, decision making protocol and scope of funding for the RGF programme.

Following the announcement of the success of the bid for Regional Growth Fund, the Council, as accountable body, had been working on the development of the Delivery Plan and Investment Manual.  The purpose of the Programme Delivery Plan would be to provide an overview of the programme, the systems that the Council would put in place to ensure the funds were used appropriately, performance and targets, governance and the quarterly schedule of milestones and deliverables.  The Investment Manual would detail the appraisal process, eligibility and the documentation for the application process.

It was confirmed that the Council continued to work with the TaTa Taskforce in establishing the governance of the programme through the development of a Programme Board and Investment Panel, the production of the Programme Delivery Plan and Investment Manual.

Resolved – (a) That the progress made on establishing the Regional Growth Fund Programme be noted, and (b) that approval be given to the governance, structure, scope of funding and decision making protocol to enable the Programme Delivery Plan and Investment Manual to be developed.

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