PADESWOOD - CHANGE REQUEST
Hedd Vaughan-Evans,
Head of Operations, to present the report.
Decision:
To support the request for change from the Welsh Government and allocate
additional funding from the Growth Deal and Investment Zone, subject to:
1.
Reaching an agreement on matters discussed in section 6.3(a) and (b) of
the report.
2.
That the investment noted in part 6.3(c) of the
report will be a funding condition to be implemented prior to the approval of
the Full Business Case and/or for it to be included in the Grant Funding
Agreement, whichever comes first.
3.
That the approval of the Full Business Case will be
subject to the investment decisions in section 6.3(d).
To delegate to the Portfolio Director to discuss with the Welsh
Government and UK Government the conditions imposed with final approval to be
sought from the Economic Well-being Sub-committee (subject to the advice of the
Monitoring Officer), in consultation with the Chair and Vice-chair.
That the Sub-committee notes that the splitting of funding between the
Growth Deal and Investment Zone is the subject of separate discussions and
decisions prior to the approval of the Full Business Case.