(A) The GCGP is a company limited by guarantee and is currently the Local Enterprise Partnership in the Greater Cambridge and Greater Peterborough area. (B) It is intended that the GCGP will enter into a business transfer agreement with the Combined Authority dated 29 March 2018 but with effect from 1st April 2018. (C) It is also intended that a new Local Enterprise Partnership will be formed as an unincorporated association (“the New LEP”) with effect from 1st April 2018, and its Board will provide strategic advice to the Combined Authority in supporting continued economic growth. (D) On 19th December 2017 the Board of the GCGP voted unanimously for the adoption of a strategy to facilitate the above processes with the intention of the GCGP being placed (or placed and delete being) into Members’ Voluntary Liquidation with effect from 29 March 2018. It is currently intended that the Members’ Voluntary Liquidation will be effected in as soon as reasonably practicable after the effective date. (E) At a meeting of the Combined Authority's Board on 20 December 2017, it was unanimously agreed that the Combined Authority would become the Accountable Body for all business growth funding streams from 29 March 2018.The Combined Authority has therefore agreed to become the Accountable Body with effect from 29 March 2018. (F) At a meeting of the Combined Authority’s Board on 28 February 2018 it was subsequently resolved that it would become the accountable body for the Greater South-East Energy Hub with immediate effect. (G) CCC as the current Accountable Body has formally agreed in a letter to BEIS dated 19 March 2018 to relinquish its responsibilities as Accountable Body within the timeframes described above. (H) The parties have agreed to effect the change of Accountable Body on the following terms. IT IS HEREBY AGREED as follows: INTERPRETATION In this Agreement the following terms shall have the following meanings: "Accountable Body" means a Local Authority who receives and accounts for grant funding paid by Government on behalf of a Local Enterprise Partnership; "Bank Account" means the account with details as follows: Account Name: Cambridgeshire & Peterborough Combined Authority
(A) The GCGP is a company limited by guarantee and is currently the Local Enterprise Partnership in the Greater Cambridge and Greater Peterborough area. (B) It is intended that the GCGP will enter into a business transfer agreement with the Combined Authority dated 29 March 2018 but with effect from 1st April 2018. (C) It is also intended that a new Local Enterprise Partnership will be formed as an unincorporated association (“the New LEP”) with effect from 1st April 2018, and its Board will provide strategic advice to the Combined Authority in supporting continued economic growth. (D) On 19th December 2017 the Board of the GCGP voted unanimously for the adoption of a strategy to facilitate the above processes with the intention of the GCGP being placed (or placed and delete being) into Members’ Voluntary Liquidation with effect from 29 March 2018. It is currently intended that the Members’ Voluntary Liquidation will be effected in as soon as reasonably practicable after the effective date. (E) At a meeting of the Combined Authority's Board on 20 December 2017, it was unanimously agreed that the Combined Authority would become the Accountable Body for all business growth funding streams from 29 March 2018.The Combined Authority has therefore agreed to become the Accountable Body with effect from 29 March 2018. (F) At a meeting of the Combined Authority’s Board on 28 February 2018 it was subsequently resolved that it would become the accountable body for the Greater South-East Energy Hub with immediate effect. (G) CCC as the current Accountable Body has formally agreed in a letter to BEIS dated 19 March 2018 to relinquish its responsibilities as Accountable Body within the timeframes described above. (H) The parties have agreed to effect the change of Accountable Body on the following terms. IT IS HEREBY AGREED as follows: INTERPRETATION In this Agreement the following terms shall have the following meanings: "Accountable Body" means a Local Authority who receives and accounts for grant funding paid by Government on behalf of a Local Enterprise Partnership; "Bank Account" means the account with details as follows: Account Name: Cambridgeshire & Peterborough Combined Authority