Hatch to present and open for discussion.
Minutes:
Dr Ricardo Gomez representing Hatch, Caroline Baker, representing Cushman & Wakefield and David Watson, representing Hatch attended the virtual meeting and gave a presentation on the four key areas:-
Within the four key areas detailed information was presented on the following matters:-
Given the short period during which project submissions had been made and the extent to which many projects were still at an early stage in development, the Board was not yet being asked to review and approve a shortlist for the TIP. Hatch presented the Board with an overview of the packages of projects which had come forward to date. It was agreed that Hatch would carry out further work with working groups around each of the main project areas in order to reach a view on the recommended shortlist for the Board to consider by the end of November.
An in-depth discussion then took place whereby the Board made the following reflections in response to the presentation:-
Hatch confirmed that it would continue to work with project leads where insufficient information had so far been provided to understand whether a project would be deliverable and have the potential to be included in the TIP shortlist.
In respect of the comment about taking projects forward in excess of £25 million, Hatch advised that the majority of cohort one bids were under £25 million. It was understood that TIPs asking for in excess of £25 million would need to demonstrate regional and national significance, that projects would be subject to detailed scrutiny and that TIPs would be expected to meet in full all of the criteria set out in the Towns Fund guidance. and there would be no flexibility in respect of the criteria.
In response to the skills comment it was acknowledged that there had not been a great volume of capital led skills projects. In addition there needed to be a position within the TIP to deliver the infrastructure to provide the skills training.
There were further discussions about connectivity and whether this was covered in the themes presented by Hatch. The Chairman felt that the required interventions on the road could cost a significant amount and there was a danger the opportunity would be swallowed up in network infrastructure. He suggested a commitment be written into the TIP stating what other interventions could be drawn in. Connectivity was clearly a constraint and it was clear there needed to be a commitment to open up Crewe, but the funding needed to come from other areas. Dr K Mullan MP felt further discussions were on this matter were required. It was recognised that for transport there were alternative sources for funding that could be engaged with but for the purposes of the TIP it was important to make sure that not only was the plan adding to the infrastructure improvements put forward through the future high street fund but also thinking about how alternative modes of transport could be encouraged.
Concerns were raised that focus was on alternative forms of transport rather than resolving the issues with congestion. The Chairman responded by saying that he wanted a strong commitment from all areas, including highways which had an inclusive plan for Crewe pulling everything together including other interventions which would help to improve the connectivity and where this funding would come from. It was requested if a paper could be provided on alternative funding opportunities available to help members on the Board understand the alternative options. It was agreed the Director of Growth & Enterprise would provide this information.
It was reported that discussions were taking place with HCLG and DfT and soon the Treasury about a growth corridor to support HS2. In addition other funding packages were available from DfT available for some of those schemes. It was clear that the timescales nor the funding was there to support HS2 activity directly.
Further comments made in respect of the projects put forward would have substantial opportunities for co funding. Finally further discussions were needed for the future, in terms of expectations around private sector investment.
The Chairman bringing the item to a close requested that the Board confirmed its agreement with the package schemes put forward by Hatch were acceptable in order for sub-groups to look at short listing projects within the next two weeks.
RESOLVED
That the broad package areas put forward by Hatch be endorsed.