Risks The top five operational and programme risks are shown below. RISK FUTURE CONTROLS / RISK SCENARIO Residual risk rating REF MITIGATION MEASURES RISK IMPACT IMPACT LIKELIHOOD {1-5} TOTAL Current political landscape and lack of LEP potentially would have to be Promote the LEP clear support for LEPs from opposition wound up and delivery of projects and achievements and its creates risks to delivery of economic realisation of benefits could be effectiveness at delivering 20 5 3 15 development projects in Cheshire and delayed. regeneration. Warrington. May take significant time to transfer delivery to another body. scaling back of team and reduction in Continue to promote the impact the LEP activities can have on benefits of the LEP as a the sub-region. regeneration vehicle and look 23 4 3 12 BREXIT reduces funding available to at other funding opportunities the LEP to invest through loss of the EU and alliances. Programme Loss of key staff Causes continuity issues, loss of Have adequate approved knowledge and reduction in delivery delegation limits and capability while new staff and signatories. Make sure staff employed and get up to speed. don't operate in a vacuum 34 4 3 12 Unable to carry out key tasks. E.g. and that key tasks are counter sign payments and contracts. understood by at least one other member of staff.
Risks The top five operational and programme risks are shown below. RISK REF RISK SCENARIO FUTURE CONTROLS / MITIGATION MEASURES Residual risk rating RISK IMPACT IMPACT {1-5} LIKELIHOOD TOTAL 20 Current political landscape and lack of clear support for LEPs from opposition creates risks to delivery of economic development projects in Cheshire and Warrington. May take significant time to transfer delivery to another body. LEP potentially would have to be wound up and delivery of projects and realisation of benefits could be delayed. Promote the LEP achievements and its effectiveness at delivering regeneration. 5 3 15 23 BREXIT reduces funding available to the LEP to invest through loss of the EU Programme scaling back of team and reduction in impact the LEP activities can have on the sub-region. Continue to promote the benefits of the LEP as a regeneration vehicle and look at other funding opportunities and alliances. 4 3 12 34 Loss of key staff Causes continuity issues, loss of knowledge and reduction in delivery capability while new staff and employed and get up to speed. Unable to carry out key tasks. E.g. counter sign payments and contracts. Have adequate approved delegation limits and signatories. Make sure staff don't operate in a vacuum and that key tasks are understood by at least one other member of staff. 4 3 12