To approve the revised Marches LEP Accountability and Assurance Framework.

The Marches LEP director introduced the report. She explained that the Accountability and Assurance Framework (AAF) set out how the Marches LEP operated, managed its finances and ensured that it was held to account for the expenditure of public money. The updated AAF complied with the latest guidance from the Department for Communities and Local Government (DCLG), who were reported to be comfortable with the new document. The LEP was required to have an up to date AAF in place before funds were put through for 2017/18.

Once the joint committee had given its agreement to the updated AAF, the LEP’s Accountable Body S151 Finance Officer was required to write to the DCLG to certify that the AAF had been implemented and met the revised standards.

The director reported that the updated AAF would be uploaded to the Marches LEP website.

Resolved that:

a)    the Joint Committee members agree the proposed changes to the Accountability and Assurance Framework.