The Board noted:
(i) The outline business plan had been presented to NELFT Board on 22 July 2014, and funding had been approved. This would allow for NELFT and LBBD to work together for a further two years and provide the necessary capital and future revenue funding for Care City.
(ii) The continuing development of a joint Memorandum of Understanding (MOU) between LBBD and NELFT which sets out the terms and conditions of this joint venture.
(iii) Subject to agreement across both partners of the proposed governance and legal structure.
(iv) Subject to agreement across both partners that there will be an Interim Steering Board reporting to both LBBD and NELFT.
(v) It was anticipated that a decision will be made on 4 August by the Council’s Cabinet, which would result in a permanent site for Care City.
(vi) That the Adult College could be also be a useful partner in this project.