Growth Deal – RAG Rating Project Project Lead Project Phase 2015/2016 Forecast 2015/2016 Actual 2016/2017 Forecast 2017/2018 - 2020/2021 Forecast Total Budget RAG (Change) Commentary Pershore Lane Improvements (Worcester Six) Peter Jago (WCC) Business Case £2,000,000 £35,000 £3,000,000 £0 WCC has entered into a target price contract with Alun Griffiths Ltd into the sum of c 2.9m. Balance of budget held for additional off site works and contingency although unclear at this stage what additional works are being proposed. Potential for defraying in excess of £2m but will be further assessed in Quarter 3. Malvern Hills Science Park (Phase 5) Nigel Nudson (WCC) Entry £1,000,000 £0 £3,000,000 £0 £4,000,000 Opportunity for using available budget to invest in Innovation Facility. Whilst MHSP Phase 5 is key for the WLEP there is a significant risk of not defraying £1m this year if focus remains solely MHSP. Centre of Vocational Excellence Duane Sanger (HWGTA) Business Case £250,000 £0 £630,000 £0 £880,000 Reduced from Red Risk due to clarity on State Aids issue and reduced budget forecast. Broadband Ste Ashton (WCC) Business Case £0 £0 £1,200,000 £1,200,000 £2,400,000 Potential to increase expenditure in 2016/2017 but given that the last cabinet is due to be enabled in June 18, current profile remains for planning purposes.
Kidd. Railway Station David Balme (WCC) Business Case £0 £0 £2,500,000 £0 £2,500,000 Reduced to Amber risk to reflect positive discussions with GBSLEP on match funding of £1.8m. Vale Park Phil Merrick (WDC) Entry £500,000 £0 £500,000 £0 £1,000,000 Reduced to green risk as forecast expenditure in 2015/2016 has been amended. Wychavon DC leading with contractor due to be appointed in October 2015. Application form currently being prepared with the expectation that the Board will be in a position to consider the project for approval in September 2015. META Project Noreen Moses (South College) Business Case £250,000 £0 £0 £0 £250,000 Low risk as essentially capital equipment for South Worcestershire College. Reduced to Green Risk as more confidence in future governance of the College. Will be presented to the September Board for approval. Worcestershire Business Central Ian Edwards (WLEP) Approved £250,000 £20,000 £0 £0 £250,000 Risk relates to potential delays in appointing new staff.
Employment and Housing Infrastructure Fund Ian Edwards (WLEP) Entry £1,000,000 £0 £1,500,000 £500,000 New Priority area for pipeline development with focus on Housing Implementation Plan and other priority employment sites. Estimate of £1,000,000 for new schemes included in programme budget for 15/16 Business Growth Fund Ian Edwards (WLEP) Entry £0 £0 £1,000,000 £1,000,000 £2,000,000 New Grant programme to be launched later this year as a successor to the Worcestershire Expansion Scheme. Potential to use an element of funds to support innovation priorities ie link to emerging Innovation Strategy.
Appendix A National ESIF Business Process Appendix B Worcestershire ESIF Calls Forward Plan 2014 – 2020 Period Priority Axis Indicative Programme First Round Call (March 2015) First Round Call (July – October 2015) Second Round (2017) PA1 Innovation £5m (ERDF) SME Proof of Concept Fund £1.3m £3.7m PA2 ICT £1m (ERDF) £1m PA3 SME Competitiveness £15.2m (ERDF) UKTI (Food/Defence and Security UKTI Trade Advisors) £1.25m (3 Years) Growth Accelerator (Leadership/Management) £0.5m (2 Years) Enterprise Worcestershire (Business Start-Up & Growth 3 Years) £1m (July) Growth Hub £0.3m (July) Growth Investment (Retention & Attraction; SME Green Tech 3 Years) £1.0m (July). Link to corresponding PA4 Low Carbon Call below Growing Cyber Programme (3 Years) £1.75m (July) £9.4m PA4 Low Carbon £6.1m (ERDF) Resource Efficiency Programme (SMEs Energy Efficiency) £1.3m SME Green Tech (3 Years) £1.2m (July) linked to corresponding PA3 SME Call above Low Carbon Transport (3 Years) £1m (October) £2.6m PA5 Climate Change Adaptation £0.3m (ERDF) £0.3m PA6 Environmental Protection £1.5m (ERDF) Green Infrastructure £0.5m (October) £1m PA8 Employment £8.7m (ESF) SFA Opt In (£10.6m Total PA 8,9,10) - Employability £2.9m (July) SFA 3 Year Review £5.8m (with PA10) PA9 Social Economic Inclusion £5.8mm (ESF) BLF Opt In £3.2m: Project 1 £1.1m (June), Project 2 £1m (June) Project 3 £1.1m (October) BLF 3 Year Review £2.6m PA10 Education, Skills and Lifelong Learning £14.5m (ESF) SFA Opt In £10.6m Total PA 8,9,10: - NEET £1.2m SFA 3 Year Review