Common use of Scope of the CCRCD Wider Investment Clause in Contracts

Scope of the CCRCD Wider Investment. Fund Assurance Framework? The Cardiff Capital Region City Deal Investment Fund is a £1.229 billion fund consisting of a pre-allocated sum of £734m to the Metro Project and £495m to the Wider Investment Fund. This Assurance Framework will apply to the Wider Investment Fund consisting of £375m funding provided by the UK Government and £120m committed by the constituent authorities. The Assurance Framework will also apply to any:  additional devolved funding provided to the Cardiff Capital Region;  additional borrowing by the constituent authorities provided to the Cardiff Capital Region; and  devolved business rate income above an agreed growth forecast, subject to Welsh Government agreement. This framework does not extend to the Metro Project funding of £734m (consisting; £125m UK Government; £503m Welsh Government; and £106m ERDF funding) which is covered by a separate Assurance Framework.

Scope of the CCRCD Wider Investment. Fund Assurance Framework? The Cardiff Capital Region City Deal Investment Fund is a £1.229 billion fund consisting of a pre-allocated sum of £734m to the Metro Project and £495m to the Wider Investment Fund. This Assurance Framework will apply to the Wider Investment Fund consisting of £375m funding provided by the UK Government and £120m committed by the constituent authorities. The Assurance Framework will also apply to any:  • additional devolved funding provided to the Cardiff Capital Region;  • additional borrowing by the constituent authorities provided to the Cardiff Capital Region; and  • devolved business rate income above an agreed growth forecast, subject to Welsh Government agreement. This framework does not extend to the Metro Project funding of £734m (consisting; £125m UK Government; £503m Welsh Government; and £106m ERDF funding) which is covered by a separate Assurance Framework.