Decision details

Authority to enter into contract and grant funding agreements for LUF2 Peterborough Station Quarter MAR24/CAB/92

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Authority to enter into grant funding agreements for the LUF2 funds with the CPCA and to delegate authority to award and enter into contracts.

Decision:

The Cabinet:

 

1. Authorised the Council to enter into Grant Funding Agreements (GFAs) with the Cambridge & Peterborough Combined Authority (CPCA), up to £47,850,000, in relation to the Peterborough Station Quarter (PSQ) project and Levelling Up Fund (LUF); and

 

2. Delegated authority to the Executive Director, Place & Economy, in consultation with the Director of Legal and Governance, to award and enter into contracts, arrangements and other legal documentation on behalf of the Council, which is necessary in connection with the PSQ LUF project.

 

3. Delegated authority to the Executive Director, Place and Economy to authorise the expenditure of the external funding received by the Council.

 

The report presented to Cabinet can be found at the bottom of this page.

Publication date: 12/03/2024

Date of decision: 11/03/2024

Effective from: 16/03/2024

Accompanying Documents: