European Structural and Investment Funds - Post Autumn Statement 2016 Update
Decision status: Recommendations approved
Is Key decision?: No
Sean McGrath, External Investment/Funding Programme Manager, Lancashire County Council, presented a report (circulated) which provided a post Autumn Statement 2016 update on European Structural and Investment Funds.
It was reported that there has been limited formal guidance from Government on the impact of the EU Referendum other than suggestions to carry on with "business as usual" with a degree of re-assurance offered by the recent Autumn Statement which indicated that contracted projects would have their funding guaranteed even after the UK leaves the EU.
Resolved: The LEP Board:
(i) Noted the contents of the report, including current commitment levels and "at risk" ESIF resources.
(ii) Noted the issues related to the European Social Fund (ESF) capacity, as detailed in the report.
(iii) Noted the broader issues related to the future of the ESIF programme and the need to plan for a successor programme(s) as highlighted in the report; and
(iv) Agreed that in light of the Building Our Industrial Strategy Green Paper, that officers, on behalf of the LEP Board, lobby Ministers directly to raise the issues contained in the report.
Report author: Sean McGrath
Date of decision: 31/01/2017
Decided at meeting: 31/01/2017 - Lancashire Enterprise Partnership Limited