Issue details
Freeport development work
The government has opened a bidding
opportunity for Freeports, with a closing date for applications of
the 5 February 2021. The detailed prospectus is at:
https://www.gov.uk/government/publications/freeports-bidding-prospectus
The WECA Committee (decision taken on 31 January 2020) gave
approval to £100k from 2020/21 surplus Treasury Management
income being allocated to create a revenue fund to enable the
Combined Authority to respond quickly to potential new grant bids
and/or any other inward investment opportunities.
In light of the Freeport bidding opportunity, a proposal was
developed to engage consultants to carry out research into the
potential scale and scope of a Freeport application located in the
West of England, and to prepare a bid. The Mayors, Leaders and
Chief Executives of the 4 West of England unitary authorities were
consulted on this proposal.
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 23/11/2020
Decision due: 20 Nov 2020 by Director of Investment & Corporate Services
Contact: Malcolm Coe, Director of Investment and Corporate Services Email: Malcolm.Coe@westofengland-ca.gov.uk.
Consultation process
The Mayors, Leaders and Chief Executives of
the 4 West of England unitary authorities were consulted on this
proposal.
Decisions
- 23/11/2020 - Freeport development work