Title: Chief Finance Officer/S73 Officer
As S73 Officer, I am an integral part of the decision-making process of the LEP. Historically the LEP Board have allocated funds for specific outcomes of Business Investment, Skills, Infrastructure and Housing. The Section 73 Officer are required to sign off each case verifying outcomes and value for money before progress to funding is authorised. Equally any changes to previously agreed projects need to be similarly approved to ensure that VfM is maintained. Section 73 Officer now supports the MCA Board and advises on final funding decisions.