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This section allows you to view the general details of a Decision

Details

Status:
Implemented
Title:
Business, Professional and Financial Sector Cluster Support Project: Extension and Additional Enterprise Zone Funding
Include item on Forward Plan
Yes
Is Key Decision
Yes
Item Contains Exempt/Private Reports
No
Reference:
013263/2024
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of the Executive Director Place, Prosperity and Sustainability
Implementation Date (not before meeting on)
Tue 18 Mar 2025
Purpose

To seek approval to:

  • ·       an extension to the delivery period for this project from July 2025 to December 2026; and
  • ·       an increase in EZ funding of £228,013 from £452, 637 to £652,169 to support this extended delivery period.
There is a significant increase in match funding of £507,561 to support the extension and an increase in the outputs and outcomes which have also resulted in a greater Benefit Cost Ratio (BCR) of 5.64 (from 3.64)
Key Portfolio
Deputy Leader and Economy & Skills
Decision Maker
Chief Officer Decision Maker
------ N/A ------
Reason For Key Decision
>£500,000 revenue
Relevant Documents

Full Business Case

Change Request

Equality Impact Assessment

EZ Investment Plan 
Decision Type:
Committee
Decision Maker:
Cabinet
Directorate
Place, Prosperity and Sustainability
Other Information
Finance & Resources
Private Reason
Decision Outcome

On 18 March 2025 Cabinet:-

(i)         Noted the request from Birmingham City University to extend the delivery period for the Business, Professional and Financial Services cluster project. Pilot from 31 July 2025 to 31 December 2026, approved by the Enterprise Zone Partnership Board on 30 October 2024;

(ii)       In its capacity as Accountable Body for the Enterprise Zone (EZ), approved the award of a further £228,013 Enterprise Zone revenue funding to fund the provision of grant to Birmingham City University to facilitate the extension of the delivery period of the Business, Professional and Financial Services cluster project; and

(iii)      Authorised the Interim City Solicitor & Monitoring Officer to negotiate, execute, seal and complete all necessary documents in connection with the above decisions.

THE DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 24 MARCH 2025.
Would the recommended decision be contrary to the budget and policy framework:
No
Decision Options:

Additional Information

Reg 10
Reg 11

Decision Criteria

This Decision does not contain any decision criteria records.

Wards

Bordesely & Highgate; Ladywood; Nechells

Topics

This Decision does not contain any Topic records

Overview and Scrutiny

Economy and Skills Overview and Scrutiny Committee

This section displays the history of the Decision.

Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
1234
 Page 1 of 4, items 1 to 10 of 36.
08/08/2024 13:06:32Louise Harris Business Item Created 
08/08/2024 13:06:32Louise Harris Committee AddedCabinet
08/08/2024 13:06:32Louise Harris Meeting Added12/11/2024 10:00AM
08/08/2024 13:07:32Louise Harris Ward AddedBordesely & Highgate
08/08/2024 13:07:32Louise Harris Ward AddedLadywood
08/08/2024 13:07:32Louise Harris Ward AddedNechells
08/08/2024 13:09:00Louise Harris Contacts Edited 
08/08/2024 13:09:39Louise Harris OS Committee AddedEconomy and Skills Overview and Scrutiny Committee
08/08/2024 13:15:11Louise Harris Consultation/Comments Edited 
08/08/2024 13:16:05Louise Harris Status ChangedDecision Scheduled [1]

Approval/Comments

No history found.