Cabinet resolved to endorse the BDSIP Business Plan 2020-2023 at Appendix 1 to the report.
Cabinet resolved to:
(i) Approve the Barking and Dagenham Trading Partnership Business Plan 2020-2023 at Appendix 1 to the report; and
(ii) Approve Barking and Dagenham Trading Partnership to enter into any procurement related agreement or commitment required to enable the delivery of the Business Plan subject to:
a). compliance with relevant procurement regulation
b). compliance with relevant procurement law
c). BDTP’s compliance with its own scheme of delegation
d). Compliance with state aid rules, and
e). Any other relevant approvals by the Council which may be relevant or required for the specific project.
Cabinet resolved to:
(i) Approve the Be First Business Plan 2020-2025 at Appendix 1 to the report;
(ii) Authorise the Chief Operating Officer, in consultation with 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) Approve Be First or the Council to enter into any procurement related agreement or commitment required to enable the delivery of the Business Plan subject to compliance with relevant procurement regulation and compliance with State Aid rules;
(iv) Agree that if Be First enter into contractual arrangements described in the Business Plan and the report, the Council shall give a guarantee to the Contractor under such contract guaranteeing performance of the contract by Be First subject to Be First being satisfied that the Contractor is able to perform the Contract and all necessary due diligence being undertaken;
(v) Authorise the Chief Operating Officer to enter into any such guarantee and any necessary documents to give effect to the contractual arrangements so described, subject to the above conditions and the advice of the Director of Law and Governance;
(vi) Agree to vary the existing loan facility as outlined in the report subject to the existing conditions relating to it; and
(vii) Authorise the Chief Operating Officer, in consultation with the Investment Panel, to grant loans, any other relevant approvals on behalf of the Council which may be relevant or required for the specific project and complete all necessary documents and negotiations to complete the projects set out in the Business Plan, subject to all necessary due diligence and compliance with State Aid law, the Public Contracts Regulations 2015 (or any replacement thereof) and the Council’s Constitution.