Issue - meetings

The report was noted.

Jonathan Burnes gave members an overview of the January to March and highlighted some of the key portfolio level summaries and the project and programme updates.

On the dashboard, members were advised that there is no overall change to the status, but there have been a few movements within staffing and resources for digital infrastructure. For Yr Egin delivery has moved from green to amber status.

On the risk register members were advised that there are currently 25 portfolio level risks, five  are red risks. There is no change from quarter three. Members were advised that the five red risks are around construction costs, TAN 15 which is the flood risk management maps, in year spend, slippage and delivery of benefits. Officers that they all have mitigations associated with them.

Members were advised that there were 4 amber risks which were closed since the quarter three reporting and these relate to the time frame of the end of current EU funding programmes which is completed. The unallocated £5.3 million of CDL funding which is now allocated through Neath Port Talbot Council for the skill centre operations of the PMO. That moved from the risks to the issues because Ian Williams has departed and the Co-opted members not attending programme and joint programme boards and joint committee, and they are attending, and officers continue to monitor those.

Officers advised that there are no red issues and the only red issue which was previously on there was Campus funding agreement that now has been signed and resolved, and that can come off the issues register.

In terms of the quarterly reports, there was an increase in jobs created from 567 from quarter three to 597 and investment has increased from £272 million to £289 million.

In terms of the construction impact assessment, members were advised that business cases have been written and they are now going into procurement to look at what the funding gap is from what officers thought it would cost to what it actually does cost.

Members were advised that the headline gap is £43 million but through the mitigations that are detailed in the report, it has now reduced to £12 million, and officers are still working on the mitigations on that residual impact.

Members were advised that the key mitigations are to secure additional funding, revisit the construction brief and opening dialogue with the contractors.

Officers explained that the projects identified as experiencing slippage are the waterfront, Yr Egin, digital infrastructure, campuses and support innovation low carbon growth. All of those are subject to the change management process and reporting them through the government arrangements accordingly.

Members asked about the benefits summary and noted that compared to the last report Pentre Awel was created 23 jobs, but the innovation matrix was not included before, and this is the first time it was in this benefits summary.

Officers explained that the Innovation Matrix is nearing its completion, and they have construction jobs created. Officers had thought they had  ...  view the full minutes text for item 8