Decision details

The board considered the Land and Property Investment Fund Dashboard as at 11 July 2024.

The Accountable Body, Policy & Programme Delivery Manager at Walsall Council, Kelly Valente, presented the report.

In relation to the risk related to the Music Institute, Kelly Valente reported that Dudley Council has now put in an offer for the building and would utilise the building for educational use.

Councillor Sleigh (Solihull) enquired whether a Change Request would be warranted in respect of the Music Institute and if so where it would be submitted.

Kelly Valente advised that there would be a restriction put on the building (covenant) for educational use but if a Change Request was needed, this would be submitted to the Black Country Joint Committee.

The Director of Commercial and Investment, Ian Martin, reported that as the delivery body, Walsall MBC would need to ensure the projects defined by the Black Country LEP deliver value for money and the agreed outputs are in accordance with the grant agreement. He as the responsible officer for the WMCA, would ask for Change Request if he was not happy with regards to value for money; project would be bench marked against the original business case and grant agreement.

Councillor Sleigh considered that a Change Request might need to come back to this board.

Resolved that: The report be noted.