The Executive Board
AGREED
(a) that the headline objectives for the Tranche 2 prioritisation exercise are:
- to prioritise transport infrastructure investments to prepare those which best meet the City Deal’s strategic objectives for delivery when funding becomes available (City Deal strategic objectives, which include economic growth and maintaining quality of life, are set out at Annex 1);
- to ensure that those investments support the growth strategy set out in the Local Plans and the supporting Transport Strategy for Cambridge and South Cambridgeshire; and
- To ensure the prioritisation is aligned to wider work by the Local Enterprise Partnership (LEP) on the Strategic Economic Plan (SEP) and of the Cambridgeshire and Peterborough Combined Authority.
(b) To recognise dependencies between ongoing Tranche 1 work, the Local Plan examinations, the work of the Combined Authority, the Economic Assessment Panel, the Tranche 2 prioritisation exercise and Tranche 3 and agrees that potential alignment and synergies with the Cambridgeshire and Peterborough Combined Authority be explored;
(c) that the previously used criteria and methodology should be reviewed and built on and that Board, Joint Assembly and other stakeholder input be sought on assessment criteria and methodology and the ‘long list’ through workshops in early 2017;
(d) to note existing commitments to consider particular schemes through the Tranche 2 prioritisation process and confirms these;
(e) Agrees to receive a further report in June recommending the prioritisation methodology and criteria and long list process, as well as the potential for synergies with the Combined Authority and other bodies;
(f) officers should explore potential use of a proportion of future City Deal funding to:
· create a potential ‘rolling fund’ for investment in transport infrastructure/ measures to unlock early growth from which a future repayment revenue stream would follow (for example from s106 contributions) and /or
· create a fund for smaller scale measures (likely to be those costing less than £500 000) that could be bid into to allow delivery of measures that unblock localised barriers to growth and provide strong economic benefits in line with City Deal objectives.
These options would be brought back to the Board with the proposed long list in September 2017.
(g) To endorse the outline timetable for recommending transport investment priorities for Tranche 2 and notes the key dependencies.
The Joint Assembly RECOMMENDED that the Executive Board:
(a) Agrees that the headline objectives for the Tranche 2 prioritisation exercise are:
· to prioritise transport infrastructure investments to prepare those which best meet the City Deal’s strategic objectives for delivery when funding becomes available;
· to ensure that those investments support the growth strategy set out in the Local Plans and the supporting Transport Strategy for Cambridge and South Cambridgeshire;
· to ensure the prioritisation is aligned to wider work by the Local Enterprise Partnership on the Strategic Economic Plan and of the Cambridgeshire and Peterborough Combined Authority.
(b) Recognises dependencies between ongoing Tranche 1 work, the Local Plan examinations, the work of the Combined Authority, the Economic Assessment Panel, the Tranche 2 prioritisation exercise and Tranche 3 and agrees that potential alignment and synergies with the Cambridgeshire and Peterborough Combined Authority be explored;
(c) Agrees that the previously used criteria and methodology should be reviewed and built on and that the Executive Board, Joint Assembly and other stakeholder input be sought on assessment criteria and methodology and the ‘long list’ through workshops in early 2017.
(d) Notes existing commitments to consider particular schemes through the Tranche 2 prioritisation process and confirms these.
(e) Agrees to receive a further report in June recommending the prioritisation methodology and criteria and long list process, as well as the potential for synergies with the Combined Authority and other bodies.
(f) Agrees officers should explore potential use of a proportion of future City Deal funding to:
· create a potential ‘rolling fund’ for investment in transport infrastructure/ measures to unlock early growth from which a future repayment revenue stream would follow;
· create a fund for smaller scale measures (likely to be those costing less than £500 000) that could be bid into to allow delivery of measures that unblock localised barriers to growth and provide strong economic benefits in line with City Deal objectives.
and notes that these options will be brought back to the Executive Board with the proposed long list in September 2017.
(g) Endorses the outline timetable for recommending transport investment priorities for Tranche 2 and notes the key dependencies.