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Investment Board - Monday 16th November 2026 10.00 am
November 16, 2026 at 10:00 am Investment Board View on council websiteSummary
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The Investment Board of the West Midlands Combined Authority is scheduled to meet on Monday 16 November 2026. The meeting's agenda includes updates on the Investment Programme, the Building Retrofit Programme, and financial dashboards for commercial and residential investments. Several private business items are also scheduled for discussion, focusing on specific regeneration schemes and property investments.
Investment Programme Update
The board is scheduled to receive an update on the Investment Programme, which provides context for any investment decisions. This report will detail the status of funding awarded and allocated to projects within the programme, as well as the overall funding status and the current affordable limit. It will also include a delivery update for the Regional Investment Programme, with a summary of individual projects detailed in an accompanying dashboard. The report notes that Eleven schemes currently have a RED status for completion dates. The Programme Assurance and Appraisal team are working with Project Sponsors to submit Change Requests to extend dates to the relevant approval body.
1
Building Retrofit Programme: Incorporation of Additional Warm Homes Social Housing Fund Allocations
A significant item on the agenda concerns the Building Retrofit Programme, specifically the incorporation of an additional £7.8m from the Warm Homes Social Housing Fund (WHSHF). This funding, confirmed following the November budget, will be integrated into the programme subject to formal award by the Department for Energy Security and Net Zero (DESNZ) and WMCA's acceptance of the terms and conditions. The report indicates that this additional allocation, alongside the removal of £5.0m previously associated with the Plug-in Solar initiative, will revise the total programme allocation to £197.910m. The report highlights that this additional funding has no requirement for match funding and allows inclusion of homes with an existing EPC C or no EPC at all.
2 Delegated authority for Stage 2 funding allocations under this programme, previously approved by the WMCA Board, will remain the process for allocating this additional funding.
Commercial Investment Fund Dashboard
The board is scheduled to review a dashboard detailing the Commercial Investment Fund (CIF) as of 01 November 2026. This report provides an overview of investments committed and repaid, including details on opportunities, their locations, industries, and the number of jobs created, brownfield land utilised, and commercial space developed.
Residential Investment Fund Dashboard
Similarly, a dashboard report on the Residential Investment Fund (RIF) as of 01 November 2026 is scheduled for review. This report will present information on committed and repaid investments within the RIF, detailing opportunities, locations, industries, jobs created, brownfield land utilised, and homes created.
Forward Plan
The board will also consider its Forward Plan, outlining reports and decisions scheduled for future meetings between November 2026 and March 2027. This includes upcoming reports on specific regeneration schemes and investment funds, as well as updates on transport settlements and property development.
Attendees
