Growth Hub Advisor Project - 2019 to 2022
(Report of the Portfolio Holder for Heritage and Growth)
Minutes:
The Report of the Portfolio Holder for Heritage and Growth sought approval from Cabinet to deliver the Southern Staffordshire Growth Hub Advisor Role on behalf of Greater Birmingham and Solihull Local Enterprise Partnership from October 1st 2019 to 30th September 2022
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RESOLVED |
That:
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Cabinet acknowledged that the total cost of the project was £111,821.90, of which £73,305.53 would be met from European Regional Development fund monies, £19,258.18 from the GBSLEP Development Fund and £19,258.18 from three local authority partners.
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Cabinet approved the creation of all relevant internal annual budgets under account code GS0410 (Growth Hub).
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Cabinet acknowledged that this is a multi-partner funded project and any balances at each year end should be kept in a retained fund with any underspend at the end of the project being split between the three funding Local Authorities.
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£6000 from the Economic Development shared service budget (GS0408) for financial year 19/20, be retained and be used towards the project to cover Tamworth BC and Lichfield DC costs for this financial year and parts of financial year 20/21.
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Tamworth Borough Council provided required evidence of officer time, salaries, and operational costs on the project in order to ensure maximum income is received.
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(Moved by Councillor R Pritchard and Councillor S Doyle) |
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