Resolved:
(i) That the Director of Resources be authorised to contract with the
European Investment Bank for a borrowing facility up to the value of £100 million and approve subsequent disbursements and amendments over the five year term.
(ii) That the corporate technology strategy be noted.
(iii) That the corporate technology strategy progress through decision point 2 of the assurance framework with an indicative allocation of £3.5 million, funded through the Combined Authority’s internally funded capital programme.
(iv) That funding of £150,000 be approved to develop the outline business case and that future progress through the assurance process be delegated to the Managing Director, subject to remaining within tolerance.