Decision details

Resolved: In respect of CRUVL (New Bolton Woods) – LEP Loan 318 –

  That following a recommendation from the Investment Committee the Combined Authority approves:

(a)       That the LEP Loan 318 project proceeds through decision point 2 and work commences on activity 5 (full business case with finalised costs).

(b)       That an indicative approval to the total loan value of £346,000 is given from the Growing Places Fund with full approval to spend being granted once the scheme has progressed through the assurance process to decision point 5 (full business case with finalised costs).

(c)        That future approvals are made in accordance with the approval pathway and approval route outlined in the submitted report including at decision point 5 through a delegation to the Combined Authority’s Managing Director following a recommendation by the Combined Authority’s programme appraisal team.  This will be subject to the scheme remaining within the tolerances outlined in the submitted report.