Independent chair sought for key WMCA position

The West Midlands Combined Authority (WMCA) is seeking an independent chair for one of its most important boards.

The Investment Board is responsible for making a range of investment decisions using money from the authority’s Collective Investment Fund (CIF) and its Land Remediation Fund.

The CIF is a £60 million commercial development war-chest to stimulate jobs, opportunity and growth by providing short-term loans to private sector developers to enable them to get schemes off the ground.

The Land Remediation Fund provides £200 million to allow brownfield land to be cleaned up and brought back into use for housing and employment.

The Investment Board is made up of members of the constituent and non-constituent councils of the WMCA and representatives of the three Local Enterprise Partnerships.

It will be responsible for overseeing the funding and making recommendations to the WMCA Board on large scale investments.

The combined authority is now looking for someone to chair the Investment Board and provide independent, effective leadership while ensuring the Board has the necessary balance of skills and experience.

The role requires someone with extensive experience of financial management and investment decision making and the ability to deal with sensitive situations in a tactful and diplomatic manner.

Responsibilities will also include fostering good working relationships and communication among the Board’s members and between the Board and the WMCA.

Meetings of the Board will be held monthly at the WMCA in Summer Lane, Birmingham.

Those interested should submit their CV with a covering letter, including additional information specific for the role, to Dan Essex, Governance Services Manager, West Midlands Combined Authority, 16 Summer Lane, Birmingham, B19 3SD or emailed to dan.essex@wmca.org.uk by 5pm on April 14.

For more details contact Dan Essex on 0121 214 7505.

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