Decision details

Regional Recovery & Adaptation Fund

Decision Maker: West of England Combined Authority Committee

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve an additional allocation of £5m.

Decision:

The Combined Authority Committee RESOLVED to allocate a further £5m to the Regional Recovery and Adaptions Fund and delegate the approval of business cases to the Combined Authority Chief Executive in consultation with the Chief Executives of the constituent Councils.

Reasons for the decision:

The Combined Authority Committee of 28th January 2022 agreed to establish the Regional Recovery and Adaptions Fund with an initial £5m allocation committed.

The Fund has been established to help people and businesses tackle the ongoing economic impact of the pandemic

Alternative options considered:

No additional allocation – rejected – an allocation of £5m is not enough to make tangible progress on the four investment packages.

Report author: Stephen Bashford

Publication date: 09/04/2022

Date of decision: 08/04/2022

Decided at meeting: 08/04/2022 - West of England Combined Authority Committee

Effective from: 20/04/2022

Accompanying Documents: