To approve
the Outline Business Case for the Wrexham Business Gateway Project, subject to
the approval of Welsh Government and UK Government to the assurance process
held, and that Wrexham University addresses the matters noted in the report, as
described in Section 7, and ask for the Full Business Case to be prepared for
the Sub-committee's consideration.
To
authorise the Portfolio Director in consultation with the Chair, the
Vice-chair, the Section 151 Officer and the Monitoring Officer to agree on
draft terms in accordance with this report as a basis for the final funding
arrangements for the project to be committed subject to Full Business Case
approval.
That the
approval from the Sub-Committee is valid for a period of twelve months and
should the project not proceed to an approved Full Business Case during this
time, it will be required to return and re-present the business case to the
Sub-committee for approval.
To note the
intention to split the funding between the Growth Deal and Investment Zone and
that this position will be confirmed at Full Business Case stage.