Issue - meetings

Private Sector Investment Report

Meeting: 18/03/2025 - Swansea Bay City Region Joint Scrutiny Committee (Item 6)

6 Private Sector Investment Report pdf icon PDF 246 KB

Additional documents:

Decision:

Following Scrutiny the report was noted.

Minutes:

Peter Austin gave members an overview and explained that the forecast from projects remains positive, with a projection of £32 million over the original target of £637 million.

 

Several projects are overachieving, contributing to the positive outlook.

 

The risk status has been reduced from red to amber due to increased confidence from the projects in achieving their targets.

Digital projects are particularly timely and in high demand, leading to significant progress beyond initial business case expectations.

Officers felt that the report continues to be very positive, reflecting the strong performance and potential of the projects.

 

Following Scrutiny the report was noted.