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: