Embed Size (px)
DESCRIPTION
Gwynt y Môr Offshore Wind Farm Community Investment Advisory Panel. Meeting 5 – February 13 th 2014 Katy Woodington 07825 608095 [email protected]. Potential Gwynt y M ôr Fund Structure. Fund Administrator. Annual Payment. Decision making board. GyM Support Worker. - PowerPoint PPT Presentation
Citation preview
RWE Innogy UK PAGE 1
Meeting 5 – February 13th 2014
Katy Woodington07825 [email protected]
Gwynt y Môr Offshore Wind Farm Community Investment Advisory Panel
RWE Innogy UK PAGE 2
Potential Gwynt y Môr Fund Structure
19/04/23
Fund Administrator
RWE Flagship Project
Annual Payment
Decision making board
Funding Advice Panel - Theme 3
GyM Support Worker
Funding Advice Panel - Theme 2
Funding Advice Panel - Theme 1
RWE Innogy UK PAGE 319.04.23
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
Potential Gwynt y Môr Fund Structure
RWE Innogy UK PAGE 4
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.
19/04/23
Potential Gwynt y Môr Fund Structure
RWE Innogy UK PAGE 5
Potential Gwynt y Môr Fund Structure
RWE Flagship Project
>Will receive funding for X years
>Selected by RWE
19/04/23
RWE Innogy UK PAGE 6
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
19/04/23
Potential Gwynt y Môr Fund Structure
RWE Innogy UK PAGE 7
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
19/04/23
Potential Gwynt y Môr Fund Structure
RWE Innogy UK PAGE 8
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.
19/04/23
RWE Innogy UK PAGE 9
THANK YOU VERY MUCH FOR YOUR ATTENTION.
19.04.23
