Decision details
OxLEP (Enterprise Oxfordshire) Bank Signatory and financial delegation changes
Decision Maker: Shareholder Committee (Cabinet Committee)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Reserved matter decision - change of bank
signatory and level of Finance Manager financial delegation /
authorisation needed
Decisions:
The report was introduced by Nigel Tipple, Chief Executive (OxLEP).
The Deputy Chair asked if the name on the bank account would change from OxLEP to Oxfordshire Enterprise once the name change was formally agreed. It was explained that trading arrangements were mechanical processes and that the bank account was OxLEP Ltd trading as Enterprise Oxfordshire.
Other changes outlined in the report included that financial regulations would be reviewed in the coming financial year and that financial delegation change tried to be consistent and reflect the County Council’s existing delegation limits.
The Committee thanked officers for their work.
Councillor Leffman moved and Councillor Howson seconded the recommendations, and they were approved.
RESOLVED to:
Support the recommendations of the Enterprise Oxfordshire company board held on 25 March 2025 to:
a) Approve the Change to Signatories and Financial Scheme of Delegation (see Annex 1)
Report author: Sadie Patamia
Publication date: 26/03/2025
Date of decision: 25/03/2025
Decided at meeting: 25/03/2025 - Shareholder Committee (Cabinet Committee)
Effective from: 03/04/2025
Accompanying Documents:
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