Issue - meetings
Update on economic assessment and payment-by-results mechanism
Meeting: 13/10/2016 - Greater Cambridge Partnership Executive Board (Item 10)
10 Independent economic assessment panel update 
PDF 340 KB
To consider the attached report.
Decision:
The Executive Board:
(a) NOTED the overview of the gateway review process for future tranches of funding.
(b) NOTED the progress on the procurement of the Independent Panel on the evaluation of local growth interventions.
(c) ENDORSED the preferred tenderer status.
(d) NOTED the links between the Economic Assessment Panel and the prioritisation of City Deal infrastructure investments.
(e) AGREED that the details of the successful bidder be made public as soon as possible.
Minutes:
The Executive Board considered a report which provided Members with an update on the procurement of the Independent Economic Assessment Panel, which would undertake the gateway review to which future City Deal tranches were subject. The report also set out relevant background detail regarding the Panel, the gateway review process and the link between these and infrastructure scheme prioritisation.
It was noted that the 2019 gateway review was expected to involve evaluation of the following:
(a) delivery of prioritised schemes on track and on budget, according to their full business cases;
(b) realisation of benefits forecast for those schemes that had been delivered in time to measure this, according to their full business cases;
(c) wider economic impacts.
The Executive Board agreed that details of the successful bidder should be made public as soon as possible.
The Executive Board:
(a) NOTED the overview of the gateway review process for future tranches of funding.
(b) NOTED the progress on the procurement of the Independent Panel on the evaluation of local growth interventions.
(c) ENDORSED the preferred tenderer status.
(d) NOTED the links between the Economic Assessment Panel and the prioritisation of City Deal infrastructure investments.
(e) AGREED that the details of the successful bidder be made public as soon as possible.
Meeting: 29/09/2016 - Greater Cambridge Partnership Joint Assembly (Item 9)
9 Independent economic assessment panel update PDF 340 KB
To consider the attached report.
Decision:
The Joint Assembly RECOMMENDED that the Executive Board:
(1) Notes the overview of the gateway review process for future tranches of funding.
(2) Notes the progress on the procurement of the Independent Panel on the evaluation of local growth interventions.
(3) Endorses the preferred tenderer status.
(4) Notes the links between the Economic Assessment Panel and the prioritisation of City Deal infrastructure investments.
Minutes:
The Joint Assembly considered a report which provided Members with an update on the procurement of the Independent Economic Assessment Panel, which would undertake the gateway review to which future City Deal tranches were subject. The report also set out relevant background detail regarding the Panel, the gateway review process and the link between these and infrastructure scheme prioritisation.
It was noted that the 2019 gateway review was expected to involve evaluation of the following:
(a) delivery of prioritised schemes on track and on budget, according to their full business cases;
(b) realisation of benefits forecast for those schemes that had been delivered in time to measure this, according to their full business cases;
(c) wider economic impacts.
Councillor Tim Bick made the point that even if schemes were on target it would be difficult to properly assess (a) and (b) above as part of the 2019 review for those schemes in tranche 1 of the City Deal programme. Tanya Sheridan acknowledged this point and said that a realistic assessment would need to be undertaken by the Panel to reflect this, with the issues referred to in (a) and (b) likely to be fully assessed as part of the 2024 review. For tranche 1 she expected the key issue to be whether schemes were being delivered on track and on budget in accordance with their final business cases, adding that the Panel’s review would provide useful information to help assess which schemes would best contribute to economic growth.
The Joint Assembly RECOMMENDED that the Executive Board:
(1) Notes the overview of the gateway review process for future tranches of funding.
(2) Notes the progress on the procurement of the Independent Panel on the evaluation of local growth interventions.
(3) Endorses the preferred tenderer status.
(4) Notes the links between the Economic Assessment Panel and the prioritisation of City Deal infrastructure investments.