Cabinet considered the report and RESOLVED to:
1. Review recommendation 2 which had been considered at Shareholder Cabinet Committee, on 12 June 2023 and approved;
2. Approve an additional investment of 1,300,000 Ordinary Shares (to the value of £1 per share) into Peterborough HE Property Company Ltd, to enable phase 3 of the University development to proceed, as Shareholder Cabinet Committee, at its meeting on 12 June 2023, had made the appropriate recommendation to Cabinet;
3. Delegate authority to the Executive Director for Place and Economy, in consultation with the Executive Director for Resources, to agree final versions of the subscription letter and the funding profile to be included in the shareholder’s agreement with Peterborough HE Property Company Ltd.