To notify the Committee of progress in the delivery of Growth Deal 1 & 2 funded

projects; spend against 2016/17 Local Growth Funds (LGF) profile; and ongoing work

to bring forward expenditure on current Growth Deal schemes to ensure the LEP

spends its full 2016/17 LGF allocation.

2 To seek Committee approval for the temporary virement of LGF funding between

approved LGF1 projects being delivered in order to achieve full LGF spend allocated for

projects in 2016/17.

THAT the Joint Committee:

a) Note the update and support the LEP Director in:

i. the request made to all project sponsors to bring forward

expenditure on their Growth Deal projects

ii. working to maximise growth deal 2016/17 expenditure and minimise

underspend and potential loss of LGF to the LEP Programme; and

b) Agree the principle of virements and vire LGF1 grant between approved LGF1 projects being delivered (principally from Telford Growth Point to Telford Eastern Gateway Project).

To ensure that Growth Deal projects continue to make progress and that Local Growth Funds allocated for 2016/17 are not lost to the Growth Deal Programme.

If provisions are not put in place to deal with underspends, funding may be lost to the

programme.