Decision details

Local Enterprise Partnership revenue budget setting report 2021-22

Decision Maker: Joint meeting - West of England Combined Authority Committee and West of England Joint Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

The West of England Joint Committee RESOLVED:

 

1. To approve the LEP Budget for 2021/22 as set out in Appendix 1.

 

2. To approve a 2021-22 contribution of £110k per each West of England Unitary Authority (to be reviewed for 2022-23 onwards) as match funding to attract the government’s LEP capacity funding.

 

3. To approve a £160k drawdown from the LEP general reserve to fund the shortfall in 2021-22 LEP operating costs.

 

4. To note the forecasted LEP revenue outturn for 2020-21 as set out in Appendix 2.

 

Publication date: 01/02/2021

Date of decision: 29/01/2021

Decided at meeting: 29/01/2021 - Joint meeting - West of England Combined Authority Committee and West of England Joint Committee

Accompanying Documents: