Purpose

To add projects to the EMCCA Investment Pipeline to enable them to enter the Single Assurance Framework process. 

Decision

EMCCA Board:

A)     Approved the admission of the Becketwell Office Development and the Peak Resort project to the EMCCA Investment Pipeline.

B)     Authorised officers to invite the promoters of the Becketwell Office Development and Peak Resort projects to prepare and submit Final Business Cases in accordance with the Single Assurance Framework.

C)    Agreed that any material change to a project's promoter, scope, cost, funding requirement, delivery model or risk profile is to be reported through the appropriate assurance and decision-making process before further funding decision is taken.

D)    Noted the Officer Decision Notice which authorised the submission to MHCLG of EMCCA’s Business Rate Retention Zone proposal on 30th September and endorsed the strategic basis of this submission and the continued progression of the programme.

E)     Delegated authority to the Executive Director for Resources in consultation with the Monitoring Officer to respond to requests for clarification from MHCLG and to make any non-material amendments required to the submitted Business Rate Retention Zone proposal.