Decision details

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.