Decision details

Resolved that:

1.    The business case relating to the extension of the Global West Midlands Programme for 12 months, from 1^st April 2025 to 31^st March 2026 be approved;

2.    On 15 November 2024, the WMCA Board approved the allocation of £7.25m for the transitional 2025/26 financial year, subject to the necessary Integrated Settlement confirmations which have now been received be noted;

3.    Subject to approval of the full revenue budget by the WMCA Board on 14 March 2025, the WMCA resources identified in this paper will become available to the West Midlands Growth Company be noted and

4.    Approval be given to enter into agreement (via the variation of the current agreement )to reflect the addition in time and funding.