Decision details
Getting Building Fund capital funding agreement with Gloucestershire County Council- Minster Innovation Exchange project
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
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Cheltenham Borough Council will enter into a Getting Building Fund capital funding agreement with Gloucestershire County Council for funding to deliver the Minster Innovation Exchange project |
Reasons for the decision:
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At Cabinet of 10th November 2020 and Council of 16th November 2020, the following recommendation in relation to the Minster Innovation Exchange project was agreed. Approve the council accepting the award of the Getting Building Fund grant from the GFirst LEP of £3.114m and delegate authority to the Executive Director Finance & Assets, in consultation with the Cabinet Member Finance and the Borough Solicitor, to agree final terms and contract for the Getting Building Fund grant with the LEP. After reviewing the terms of the agreement with advice from our legal advisors, Anthony Collins Solicitors LLP, CBC is happy to agree the final terms and enter into the contract with the LEP for the grant funding for the Minster Innovation Exchange project. |
Alternative options considered:
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The alternative option was to not enter into the agreement. This would mean CBC would not have the funds to support delivery of the Minster Innovation Exchange project that was approved by Council on 16th November 2020. |
Other reasons / organisations consulted
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Legal advice from Anthony Collins Solicitors LLP |
Contact: Paul Jones, Deputy Chief Executive (Section 151 Officer) Email: [email protected] Email: [email protected].
Publication date: 17/12/2020
Date of decision: 16/12/2020
Accompanying Documents: