Issue - meetings

(1)       It was agreed that a package of support be developed and implemented, including a financial support scheme that followed the NET Phase 2 principles which provided support to businesses directly affected by the construction of the extension to the Metro network.

(2)       The business support package (including financial support) approved by the WMCA Board was limited to the impact of works undertaken by the WMCA pursuant to its powers to construct Metro works under the Transport and Works Act.

(3)       Authority was delegated in principle to the Managing Director, TfWM and Director, West Midlands Metro to draw up and publish detailed scheme rules and defined boundaries within which the scheme would be operated.

(4)       It was noted that the overall cost of providing the business support and financial assistance was estimated to be £3.7m, which equated to approximately 0.25% of the programme cost.

(5)       Overview & Scrutiny Committee was requested to consider the report further, particularly in respect of the number of businesses likely to be covered by the scheme, the determination of the capping level, the calculations used for determining support, and the scheme’s funding arrangements.