Decision details
TRANSFER OF THE NORTH WALES GROWTH DEAL TO THE NORTH WALES CORPORATE JOINT COMMITTEE
Decision Maker: Cabinet
Decision status: Recommendations Approved
Decision:
RESOLVED that Cabinet –
(a) agree to enter into a
Partnering and Funding Agreement (Appendix 2 to the report) whereby the role of
the Accountable Body, responsible for the delivery of the North Wales Growth
Deal and funding arrangements for the Growth Deal are transferred to the North
Wales Corporate Joint Committee on or before 31 March 2025;
(b) agree to novate and assign
as required the delivery of the North Wales Growth Deal and
rights and obligations in all incoming funding agreement held by Cyngor Gwynedd
as Accountable Body on behalf of the North Wales Economic Ambition Board
(“NWEAB”) transfer to the North Wales Corporate Joint Committee (“NWCJC”);
(c) agree to transfer
and novate and or assign all interests in the portfolio of projects funded by
the North Wales Growth Deal together with any ancillary agreements, charges and
leases from Cyngor Gwynedd as Accountable Body on behalf of NWEAB to the NWCJC;
(d) agree to the transfer and
/or assignment of all financial balances, monies due and assets as held on
behalf of the North Wales Economic Ambition Board by Cyngor Gwynedd to the
North Wales Corporate Joint Committee;
(e) delegate authority to the
Chief Executive, in consultation with the Monitoring Officer and Section 151
Officer, to agree and execute the final form agreements, deeds and all other
legal documents necessary to implement the transfers referred to at paragraphs
(a) (b) and (c) above;
(f) on completion of the
Partnering and Funding Agreement agree to the termination of the GA2 agreement
and the winding up of the North Wales Economic Ambition Board Joint Committee;
(g) agree to the transfer of
accountability to the NWCJC and that the NWCJC accept responsibility for
decision making for the implementation of the North Wales Growth Deal subject
to novation of the Growth Deal and approval of additional Standing Orders
incorporating the key terms of the Joint Working Agreement (“GA2”) between the
6 Constituent Councils and 4 Education parties, and
(h) agree that the decisions
set out above be implemented immediately without call-in, in accordance with
section 7.25 Council Constitution in order that the transfer may take place on
or before 31st March 2025.
Publication date: 27/03/2025
Date of decision: 25/03/2025
Decided at meeting: 25/03/2025 - Cabinet
Accompanying Documents: