Decision details

1.  To approve the Full Business Case for the Albert Gubay Business School.

2.  To approve an additional £143,000 from the Cost Inflation Reserve to deliver the project.

3.  To authorise the Portfolio Director, in consultation with the Chair, Vice-chair, Section 151 Officer and Monitoring Officer to agree and enter into a funding agreement with Bangor University for the delivery of the project, on the basis that Bangor University satisfactorily addresses the outstanding issues, including the increase in procurement costs.

4.  It was confirmed that the Sub-committee's approval is valid for a period of six months and should the project not proceed to a signed funding agreement during this time, it  will be required to return and re-present the business case to the Sub-committee for approval.