Decision details

LGF Investment Approvals

Decision Maker: SCR - Mayoral Combined Authority Board

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Including decisions on*:

·         UK Atomic Energy Authority

·         Waverley Local Centre

·         Company 0098, in the Sheffield area seeking c£1.3m investment into a tourism project creating 87 jobs.

·         Sheffield University Technical College – Engineering and advanced manufacturing talent pipeline (value of £494,900)

·         Doncaster College – specialist VFX training equipment (value £906,000)

·         Scheme 003_2 – LO197 in the Sheffield City Council area. Seeking c£1,517m of investment to support the development of up to 106 new homes.

 

LGF Programme milestone updates.

*Approval of schemes at this meeting is subject to the schemes progressing through the Assurance Framework requirements.

Decision:

RESOLVED, that the Mayoral Combined Authority:

 

1.    Progression of Waverley Local Centre to full approval and award of up to £7m grant to Waverley Square ltd subject to the conditions set out in the Appraisal Panel Summary Table

 

2.    Progression of Specialist VFX Training Equipment to full approval and award of up to £0.91m grant to DN College Group subject to the conditions set out in the Appraisal Panel Summary Table

 

3.    Progression of Falstaff Phase 3 to full approval and award of up to £1.52m grant to Sheffield Housing Company subject to the conditions set out in the Appraisal Panel Summary Table

 

4.    Progression of UK Atomic energy project to full approval and award of up to £2.2m grant to UK Atomic Energy Authority subject to the conditions set out in the Appraisal Panel Summary Table.

 

5.    Progression of Company Ref. 0067 to full approval and award of up to £0.124m grant to Company Ref. 0067 subject to the conditions set out in the Appraisal Panel Summary Table

 

6.    Progression of Company Ref. 0095 to full approval and award of up to £0.05m grant to Company Ref. 0095 subject to the conditions set out in the Appraisal Panel Summary Table

 

7.    Progression of Company 0096 to full approval and award of up to £0.249m grant to Company 0096 subject to the conditions set out in the Appraisal Panel Summary Table

 

8.    Delegates Authority to the Head of Paid of Service, in conjunction with the Section 73 and the Monitoring Officer, to enter into the contractual arrangements required as a result of the above approvals.

 

 

Report author: Melanie Dei-Rossi

Publication date: 15/08/2019

Date of decision: 03/06/2019

Decided at meeting: 03/06/2019 - SCR - Mayoral Combined Authority Board

Effective from: 23/08/2019

Accompanying Documents: