Decision details
Access to Finance Research Brief
Reference: D41623
Decision Maker: Deputy Chief Executive
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Decision:
The Deputy Chief Executive has approved and
permission
is sought to commission PWC, who have already carried out a
substantive amount of work already for the council, with regard to
the City Regions Revolving Investment Fund, to undertake an urgent
piece of work to support the decision making process on how to best
deploy resources for 'Access to Finance' for the city regions
businesses through the new European Structural and Investment Fund
(ESIF) Programme.
An expert group has been formed to support this work including
representation from the Banks, Chambers, British Business Bank,
Schofield Sweeney for example as well as by PWC. At a meeting on
the 7th August 14 this group considered who could best undertake
this work based on knowledge, expertise, capacity and timeliness.
It was decided PWC would be asked to do the work supported by the
wider Expert Group due to their experience to date working with the
LEP together with the need to complete this work in an extremely
short timescale by early October 14. This is due to Government
requiring the LEP and its partners to agree an Implementation Plan
for how it will deploy its ESIF by the end of October 2014. PWC
have declared a conflict of interest due to their seat on the
expert group.
Wards Affected: (All Wards);
Contact: Heather Waddington 07891 275257.
Publication date: 25/09/2014
Accompanying Documents: