Transcript "potential structure of the fund" by Katy Woodington

Gwynt y Môr Offshore Wind Farm
Community Investment Advisory Panel
Meeting 5 – February 13th 2014
Katy Woodington
07825 608095
[email protected]
RWE Innogy UK
PAGE 1
Potential Gwynt y Môr Fund Structure
Fund Administrator
Annual Payment
RWE Flagship
Project
GyM Support
Worker
Funding Advice
Panel - Theme 1
Decision making
board
Funding Advice
Panel - Theme 2
Funding Advice
Panel - Theme 3
RWE Innogy UK
13/04/2015
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Potential Gwynt y Môr Fund Structure
Fund Administrator
> The legal entity to whom the funds are paid
> An appropriate independent organisation
> Ideally North Wales based but not essential
> Primarily charitable aims but flexibility to support the private sector,
and administer loans - through a partner organisation if necessary
> With grant making experience
> Ability to invest any unspent funds for future years if required
RWE Innogy UK
13.04.2015
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Potential Gwynt y Môr Fund Structure
Gwynt y Môr Support Worker
> Likely to be a full time post, paid from the fund, based in North
Wales
> Post either hosted by the Fund Administrator or an appropriate
local organisation
> Providing administration support to the decision making board, the
advisory panels, and administration of the awards from the fund.
> Responsibilities could include : initial assessment and due
diligence of applications, advising applicants (referring to CVC’s
where appropriate), award payment and monitoring administration
and promoting the fund.
RWE Innogy UK
13/04/2015
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Potential Gwynt y Môr Fund Structure
RWE Flagship Project
> Will receive funding for X years
> Selected by RWE
RWE Innogy UK
13/04/2015
PAGE 5
Potential Gwynt y Môr Fund Structure
Role of Decision Making Panel
> Final decision makers on awards from the fund after receiving
advice from the themed advisory panel
> Would enable flexibility in the application of the funds across the
three themes
> Access to a toolbox of options to support applicants (grants, loans,
proactively using a commissioning approach, advice to develop
applications)
> Meeting minimum quarterly
RWE Innogy UK
13/04/2015
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Potential Gwynt y Môr Fund Structure
Themed Advice Panels
> Made up of representatives with expertise in the theme
> Role to advise the Trustees on applications
> Responsible for the strategic delivery of their theme
> With flexibility to recommend package of funding measures
> Including young people and representatives from individual
community members (community champions?) where appropriate
RWE Innogy UK
13/04/2015
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Potential Gwynt y Môr Fund Structure
Application Process
> Appropriate to level of funding
> More detailed application criteria to be developed for each theme
and potentially different application routes
> Possibility for applicants to complete an expression of interest form
pre-application.
RWE Innogy UK
13/04/2015
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THANK YOU VERY MUCH FOR
YOUR ATTENTION.
RWE Innogy UK
13.04.2015
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