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Item under APR15 ERDF Enterprise Support Scheme – Enterprising West of England

Meeting: 19/09/2017 - Cabinet (Item 10.)

10. Item under APR15 ERDF Enterprise Support Scheme – Enterprising West of England pdf icon PDF 78 KB

Additional documents:

Decision:

1) Agreed that the Strategic Director for Resources endorse the Consortium Partners Agreement for the Enterprising West of England programme (already in delivery) to provide advice and support to start up and early stage businesses generating economic value and jobs in City of Bristol and West of England.

 

2) Agreed commitment of £300k revenue over 3 years from the Economic Development Enterprise Projects cost centre commencing in 2017/18 and approved a further £52k of match funding in kind (staff salary match).

 

3) Agreed management by the Council of related income streams for the programme comprising EU-ERDF grant and match funding contributions from South Gloucestershire Council and Bath & North East Somerset Council totalling £369,500 over 3 years and its payment to delivery partners and contractors, subject to their achievement of ERDF outputs validated by DCLG.