(1) It was agreed to extend for two years (from April 2021) the current investment of £0.7m per annum from the WMCA revenue budget to the West Midlands Growth Company to support inward investment, capital attraction and tourism promotion activity.
(2) The extension of £1.8m per annum from the investment programme, agreed by the Investment Board on 21 September 2020, thereby approving a total investment by WMCA of £2.5m per annum (£5m total) to the West Midlands Growth Company from April 2021, was endorsed.