LEP Further Education Capital Investment Fund (3)

Meeting: 
MQT on 2014-10-22
Session date: 
October 22, 2014
Reference: 
2014/3999
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

Given that the steering group will be acting on behalf of the LEP, what accountability measures will be put in place so that the LEP maintains critical oversight of this project?

Answer

Answer for LEP Further Education Capital Investment Fund (3)

Answer for LEP Further Education Capital Investment Fund (3)

Answered By: 
The Mayor

The Group will be an advisory body and will provide advice to the London Enterprise Panel, the GLA’s Investment and Performance Board (IPB) and me.  As the accountable body for the funding, the final decision to fund a project will be mine.

 

The purpose of the Further Education (FE) Capital Steering Group is to:

 

  • Oversee the production of the prospectus and recommend to the Mayor for approval and publication
  • Provide advice and guidance to potential bidders
  • Advise the LEP and the Mayor on the shortlisting and evaluation of projects
  • Oversee delivery of the Capital Programme and undertake a quality assurance role
  • Oversee the commissioning of a comprehensive survey of London’s FE Capital Estate

Work with Colleges and other partners in the FE sector to develop a long term sustainable strategy for the ongoing investment in London’s FE Estate.