CENTRE FOR ENVIRONMENTAL BIOTECHNOLOGY BUSINESS JUSTIFICATION CASE
Decision:
1. To
approve the Business Justification Case for the Environmental Biotechnology
Centre and to authorise the Portfolio Director, in consultation with the chair,
the Section 151 Officer and the Monitoring Officer, to agree and enter into a
funding agreement with Bangor University for the delivery of the project,
subject to Bangor University addressing the outstanding issues noted in Section
7 of the Report and securing all necessary internal approvals for the project.
2. To
note that there will be two further procurement steps to deliver the project
and to delegate to the Portfolio Director, in consultation with the Chair,
Vice-chair, Section 151 Officer and the Monitoring Officer to approve
procurement details and allocate prior to releasing funding for these steps.
Minutes:
The report was
presented by the Growth Deal Programme Manager.
DECISION
1.
To approve the Business
Justification Case for the Environmental Biotechnology Centre and to authorise
the Portfolio Director, in consultation with the chair, the Section 151 Officer
and the Monitoring Officer, to agree and enter into a funding agreement with
Bangor University for the delivery of the project, subject to Bangor University
addressing the outstanding issues noted in Section 7 of the Report and securing
all necessary internal approvals for the project.
2.
To note that there will be
two further procurement steps to deliver the project and to delegate to the
Portfolio Director, in consultation with the Chair, Vice-chair, Section 151
Officer and the Monitoring Officer to approve procurement details and allocate
prior to releasing funding for these steps.
REASONS FOR THE DECISION
To seek the Board's approval for Full Business
Justification Case for Environmental Biotechnology Centre Project.
Bangor University has completed the procurement work
for the project with a plan to buy equipment. The Business Justification Case
will be submitted to the Board for a final Investment decision. Due to the
nature and value of the project, in line with the Better Business Case
guidance, a Business Justification Case is presented that requires only a
single approval from the Board.
DISCUSSION
The report was
discussed.