Decision

RESOLVED: (Unanimous)

Brownfield Housing Fund - Full Business Case

A1. To recommend that the Combined Authority Board approve the Full Business Case and £26,660,696 for the Brownfield Housing Fund Programme.

A2. To recommend that the Combined Authority Board delegate authority to the Executive Director, Place and Economy, in consultation with the Monitoring Officer and Chief Finance Officer, to approve individual Wave 1 capital grant awards of up to £5m per scheme, for decisions made by 31st March 2027. Subject to satisfactory outcome of appraisal and approval process in the Brownfield Housing Fund Programme Full Business Case, due diligence and Subsidy Control Assessment

A3. To recommend that the Combined Authority Board delegate authority to the Executive Director, Place and Economy, in consultation with the Chief Finance Officer and Monitoring Officer, to negotiate and agree Heads of Terms following an approved wave 1 award from the Brownfield Housing Fund.

A4. To recommend that the Combined Authority Board delegate authority to the Executive Director, Place and Economy, in consultation with the Monitoring Officer and Chief Finance Officer, to negotiate, finalise and execute grant funding agreements and such security, property and other ancillary legal documents as may be necessary to implement approved Wave 1 awards and deliver the Brownfield Housing Fund Programme, substantially in accordance with the relevant approved award and agreed Heads of Terms.

A5. To recommend that the Combined Authority Board delegate authority to the Executive Director, Place and Economy, in consultation with Monitoring Officer and Chief Finance Officer, to manage minor non material changes to grant, outputs, profile and timeframes, by approving variations to Grant Funding Agreements from the Brownfield Housing Fund

11 12 High Street Wisbech Regeneration Project

B.    To recommend that the Combined Authority Board approve the Concept Form and £1,500,000 for 11 12 High Street Wisbech Regeneration Project.