Decision details

1.    That the Board approve the Outline Business Case for the Egni project subject to Bango University addressing the matters set out in the report, as described in Section 7, and recommend to the Economic Ambition Board that a Full Business Case is prepared for the Board to consider following the completion of the procurement process and the consenting processes.

2.    That the Board delegate final approval of the procurement strategy and the procurement specifications and social value criteria to be included by Bangor University in their procurement to the Portfolio Director in consultation with the Chair and Vice Chair.

3.    That the Board authorise the Portfolio Director in consultation with the Host Authority Section 151 Officer and Monitoring Officer to agree draft terms in accordance with this report as a basis for the final funding arrangements for the project which will form the basis of funding to be agreed by the Board at the Full Business Case stage.