Purpose

The purpose of the report sought Executive approval to
invest in expanded facilities, and capacity, at Middlesbrough College. The
investment would allow for provision to meet the demand for expanded student
capacity in engineering and technical qualifications and provided an enhanced
skills pipeline for the major industrial developments planned across the Tees
Valley.

Decision

 

ORDERED that Executive

 

1.   
Approves investment in Middlesbrough
College of up to £1,600,000 of capital funding from within the approved Capital
Programme to enable facility expansion to grow the educational capacity of the
college.

2.   
Approve an amendment to the existing
lease of land at Middlesbrough College to introduce a rental value of £131,234
per annum, for a period of 20 years.

3.   
Approve that the arrangement set out was
subject to acceptance by Middlesbrough College Board of Governors.

4.     
Approve the delegation of any
administration and determination of the terms of the lease amendment to the
Chief Finance Officer (S151).