Issue - meetings
OxLEP Bank Signatory and financial delegation changes
Meeting: 25/03/2025 - Shareholder Committee (Cabinet Committee) (Item 23)
23 OxLEP (Enterprise Oxfordshire) Bank Signatory and financial delegation changes 
PDF 221 KB
Forward Plan Ref: 2025/045
Contact: Sadie Patamia, Corporate Governance Manager (Sadie.Patamia@oxfordshirelep.com)
Report by Director of Economy and Place (SC8).
The Shareholder Committee is RECOMMENDED to:
Support the recommendations of the Enterprise Oxfordshire company board held on 25 March 2025 to:
· Approve the Change to Signatories and Financial Scheme of Delegation (see Annex 1)
Additional documents:
Minutes:
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)