Unlocking Growth Fund - Growth Deal 2 awarded £5m for the Growth Fund,’ to ‘Unlocking fund projects that develop employment and workspace sites and/or premises to support and foster business growth. A maximum grant of £2.5m can be awarded for an individual project. It is the responsibility of the Business Leadership Group to recommend which projects to fund. 16 have submitted Expressions of Interest, and Ekosgen have completed a prioritisation / ranking exercise for all sites. A summary of all sites was circulated to Business Leadership Group. Steer from the Business Leadership Group: Business Group to view the ranking criteria and weightings used. Additional analysis on the following was suggested rural/urban split, projects which – support skills, sensitivity analysis, evidence of need, different sectors, where Growth Deal funding has already been allocated. Adam Put forward £10m of projects. Hickman Simple business case required for the top (ten?) projects. Action: Set up a Unlocking Growth Fund sub-group (Possible members Adrian Dawson, Ben Rhodes, Nick Ames, Julia Stuckey). Hallam – Business Conference - likely to be September 2015. Action: HH to circulate date of Business Conference. 7 Any Other Business All – Business Members - Additional members required, as well as a new social enterprise ‘business’ member. A list of interested businesses was circulated with the Board papers. Nick Action: Invite Simon Barker onto the Business Group. Ames Action: Invite one business who sits on the ESIF Committee onto the Business Group. Amanda Ratsey Adam Action: Ask the Social Enterprise Special Interest Group for a nominated Hickman representative. Inward Investment - Briefing paper was circulated with the Board papers. Highlights include: Inward Investment Manager post extended until 30 June 2015; RGF6 funding secured for business support grants and inward investment activity; Three landing’ applicants already ‘soft landed; Hosted a national UKTI Account Management workshop; HotSW is leading a joint Nuclear Investment project. Adam Future meeting dates Hickman Action: All meetings to be held in Exeter and to be at the start or end of the day. Future agenda items High growth sectors / Smart specialisms Better Business for All Corinne Matthews, HotSW LEP’s new Nuclear Co-ordinator Joint Business and Place meeting Date of Next Meeting:
Unlocking Growth Fund - Growth Deal 2 awarded £5m for the ‘Unlocking Growth Fund,’ to fund projects that develop employment and workspace sites and/or premises to support and foster business growth. A maximum grant of £2.5m can be awarded for an individual project. It is the responsibility of the Business Leadership Group to recommend which projects to fund. 16 have submitted Expressions of Interest, and Ekosgen have completed a prioritisation / ranking exercise for all sites. A summary of all sites was circulated to Business Leadership Group. Steer from the Business Leadership Group: Business Group to view the ranking criteria and weightings used. Additional analysis on the following was suggested – rural/urban split, projects which support skills, sensitivity analysis, evidence of need, different sectors, where Growth Deal funding has already been allocated. Put forward £10m of projects. Simple business case required for the top (ten?) projects. Action: Set up a Unlocking Growth Fund sub-group (Possible members – Adrian Dawson, Ben Rhodes, Nick Ames, Julia Stuckey). Business Conference - likely to be September 2015. Action: HH to circulate date of Business Conference. Adam Hickman Hallam 7 Any Other Business – All Business Members - Additional ‘business’ members required, as well as a new social enterprise member. A list of interested businesses was circulated with the Board papers. Action: Invite Simon Barker onto the Business Group. Action: Invite one business who sits on the ESIF Committee onto the Business Group. Action: Ask the Social Enterprise Special Interest Group for a nominated representative. Inward Investment - Briefing paper was circulated with the Board papers. Highlights include: Inward Investment Manager post extended until 30 June 2015; RGF6 funding secured for business support grants and inward investment activity; Three ‘soft landing’ applicants already landed; Hosted a national UKTI Account Management workshop; HotSW is leading a joint Nuclear Investment project. Future meeting dates Action: All meetings to be held in Exeter and to be at the start or end of the day. Future agenda items High growth sectors / Smart specialisms Better Business for All Corinne Matthews, HotSW LEP’s new Nuclear Co-ordinator Joint Business and Place meeting Nick Ames Amanda Ratsey Adam Hickman Adam Hickman Date of Next Meeting: