Decision details

The Cabinet will be asked to consider and approve the Be First Business Plan 2022-2027.

Cabinet resolved to:

(i)  Approve the Be First Business Plan 2022-27, as set out at Appendix 1 to the report;

(ii)  Authorise the Finance Director, in consultation with and on the advice of the Investment Panel, to take all necessary action to enable Be First to carry out its proposals under the Business Plan and to agree any minor variations to the Business Plan subject to the conditions in these recommendations;

(iii)  Authorise Be First and/or the Finance Director to enter into any procurement related agreement or commitment, including procuring the new Development Framework, required to enable the delivery of the Business Plan, subject to compliance with Subsidy rules, the Public Contracts Regulations 2015 (or any replacement thereof) and the Council’s Constitution; and

(iv)  Authorise the Finance Director, in consultation with and on the advice of the Investment Panel, to grant loans and complete all necessary documents and negotiations to complete the projects set out in the Business Plans subject to all necessary due diligence and compliance with Subsidy rules, the Public Contracts Regulations 2015 (or any replacement thereof) and the Council’s Constitution.