Growth Deal RAG Rating – 2017/2018 - Project Project 2015/2016 2015/2016 2016/2017 Total Project 2020/2021 RAG (Change) Commentary Lead Phase Forecast Actual Forecast Budget Forecast WCC has entered into a target price contract with Alun Griffiths Ltd into the sum of c 2.9m. Balance of budget held Pershore Lane Peter Jago Business for additional off site works and contingency although Improvements £2,000,000 £35,000 £3,000,000 £0 (WCC) Case unclear at this stage what additional works are being (Worcester Six) proposed. Potential for defraying in excess of £2m but will be further assessed in Quarter 3. Opportunity for using available budget to invest in Malvern Hills Nigel Innovation Facility. Whilst MHSP Phase 5 is key for the WLEP Science Park Nudson £1,000,000 £0 £3,000,000 £0 £4,000,000 Entry there is a significant risk of not defraying £1m this year if (Phase 5) (WCC) focus remains solely MHSP. Centre of Duane Business Reduced from Red Risk due to clarity on State Aids issue and Vocational Sanger £250,000 £0 £630,000 £0 £880,000 Case reduced budget forecast. Excellence (HWGTA) Ste Potential to increase expenditure in 2016/2017 but given Business Broadband Ashton £0 £0 £1,200,000 £1,200,000 £2,400,000 that the last cabinet is due to be enabled in June 18, current Case (WCC) profile remains for planning purposes.
Growth Deal – RAG Rating Project Project Lead Project Phase 2015/2016 Forecast 2015/2016 Actual 2016/2017 Forecast 2017/2018 - 2020/2021 Forecast Total Budget RAG (Change) Commentary Pershore Lane Improvements (Worcester Six) Peter Jago (WCC) Business Case £2,000,000 £35,000 £3,000,000 £0 WCC has entered into a target price contract with Alun Griffiths Ltd into the sum of c 2.9m. Balance of budget held for additional off site works and contingency although unclear at this stage what additional works are being proposed. Potential for defraying in excess of £2m but will be further assessed in Quarter 3. Malvern Hills Science Park (Phase 5) Nigel Nudson (WCC) Entry £1,000,000 £0 £3,000,000 £0 £4,000,000 Opportunity for using available budget to invest in Innovation Facility. Whilst MHSP Phase 5 is key for the WLEP there is a significant risk of not defraying £1m this year if focus remains solely MHSP. Centre of Vocational Excellence Duane Sanger (HWGTA) Business Case £250,000 £0 £630,000 £0 £880,000 Reduced from Red Risk due to clarity on State Aids issue and reduced budget forecast. Broadband Ste Ashton (WCC) Business Case £0 £0 £1,200,000 £1,200,000 £2,400,000 Potential to increase expenditure in 2016/2017 but given that the last cabinet is due to be enabled in June 18, current profile remains for planning purposes.
23.07.15-Board-Papers.docx