Decision details

Part I

The meeting returned to Part I, publically available information, at this point.

Andy Milroy, Senior Democratic Services Officer, Lancashire County Council presented a report (circulated) which provided the LEP Board with an update in relation to the Committees of the LEP and some Governance matters for approval.

The LEP Board were reminded that the LEP is a Company Limited by Guarantee and as such is subject to the Companies Act 2006 with regard to the filing of accounts and annual returns.  The LEP does not conduct financial transactions itself as Lancashire County Council carries out this function, on behalf of the LEP, as the Accountable Body.  Therefore the LEP's accounts are in essence dormant but still require the formalities of being signed and filed at Companies House.

In addition the LEP Board were asked to approve revised Terms of Reference for the Growth Deal Management Board, the only change being to formally appoint two Observer representatives.

Resolved:  The LEP Board:

(i)  Noted the updates provided in the report in relation to the Committees of the LEP.

(ii)  Approved the accounts and financial statements for the period ending September 2016 as set out at Appendices 'A' and 'B', and;

(iii)  Approved the revised Terms of Reference for the Growth Deal Management Board, and in doing so agreed that Mick Allen and Katherine O'Connor from BEIS be formally appointed as Observers as set out at Appendix 'C'.