Purpose

The South Essex Local
Enterprise Partnership (SELEP) Accountable Body Transitional
Arrangements to ensure that following the closure of SELEP, the
on-going accountabilities in respect of the Government funded
capital programmes are re-aligned to reflect the new accountable
body arrangements and to provide continuation of requirements to
ensure project delivery. ?The Transition Agreement will allow for
the transfer of the residual SELEP revenue and capital funding
which will be released to each SELEP partner from ECC as the
Accountable Body of SELEP. No funding will be released until the
Transition Agreement is in place. 

Content

1. That approval is given to
engage with all parties necessary to agree a suitable Transition
Agreement. Terms of the Transition Agreement to include: allowing
the closure of the South East Local Enterprise Partnership (SELEP),
outlining arrangements for on-going reporting in respect of the
Government funded capital programmes which are re-aligned to
reflect the new incoming Accountable Body arrangements, providing
the continuation of requirements to ensure project delivery and
transfer of the residual SELEP revenue and capital funding which
will be released to each SELEP partner from ECC as the SELEP
Accountable Body, releasing Essex County Council from its
Accountable Body role of SELEP, and specifying governance
arrangements for incoming Accountable Bodies for each functional
economic area, incorporating the Integration Plans submitted to
Government; and
 
2. That negotiation of the
precise terms of the Transition Agreement, along with the authority
to sign the final Transition Agreement, be delegated to the
Executive Director of Finance and Resources.