Decision details

It was agreed that Item 8 would be considered before Item 7.

Kirsten Powell, Ekosgen, presented their Appraisal Report of the Business Case for the Lomeshaye Industrial Estate Extension project, which concluded with a recommendation for funding approval.

Resolved: The Growth Deal Management Board:

(i)  Considered the contents of the report.

(ii)  Received Eskogen's presentation.

(iii)  Agreed to recommend to the Lancashire Enterprise Partnership Limited Board at its next meeting on the 6^th November 2018, the grant funding approval of up to £4m for the Lomeshaye Industrial Estate Extension, subject to:

i)  The conditions as detailed in the appraisal report; and

ii)  The finalisation and execution by Lancashire County Council (as accountable body for the Lancashire Enterprise Partnership) under the guidance of the Directors of Corporate Services and Economic Development and Planning of a Grant Funding Agreement and other relevant legal documentation as may be necessary to protect the interests of the Lancashire Enterprise Partnership.