Decision details

The West of England Combined Authority:

1             Agreed the proposed governance approach set out in Appendix 1 of the report.

2             Approved the Investment Fund delegations set out in Appendix 2 of the report.

3             Approved the updated Investment Fund Assurance Framework shown in Appendix 4 of the report.

4             Approved up to £100K of revenue funding from the WECA Investment Fund to support the development of feasibility studies for future suburban rail plans.

5             Agreed that the Chief Executive, in consultation with the WECA Mayor, be delegated authority to approve the allocation of this funding to specific feasibility studies.

6             Agreed that the S151 Officer be authorised to make all necessary amendments to the WECA Budget and the Mayoral Budget for 2018/19 to support the allocation of this funding.