North Wales Economic Ambition Board
PORTFOLIO DELIVERY FUND
RESOLVED that the Board agree to establish a Portfolio Delivery Fund for 2023-24 and allocate up to £7m of the unallocated £20m Growth Deal funding released by the withdrawal of the Bodelwyddan Key Strategic Site and the Llysfasi Net Zero Farm projects to this fund. REASONS FOR THE DECISION The North Wales Growth Deal has a change management process in place to ensure potential changes to the scope of the Growth Deal and the projects are captured, assessed and where relevant considered by the Board. The Final Deal agreement sets out the board position in relation to potential replacement pr…
North Wales Economic Ambition Board
PORTFOLIO DELIVERY FUND 2023-24 - CHANGE REQUESTS
RESOLVED 1. That the Board agrees to the change request for the Former North Wales Hospital, Denbigh and to allocate a maximum of £3.0m extra temporarily to the project in the event that the Levelling Up bid is unsuccessful and subject to the separate approval of the Outline Business Case and Full Business Case. No further funding for the project will be allocated through the Growth Deal, any additional increase in costs will have to be incurred by the Project Sponsors. 2. That the Board agrees to the change request for the Glynllifon Rural Economy Hub and to allocate a maximum of £1.97m ext…
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