Purpose

Authority to enter into grant funding agreements for the LUF2
funds with the CPCA and to delegate authority to award and enter
into contracts.

Decision

The Cabinet:
 
1. Authorised the Council to enter into Grant Funding Agreements
(GFAs) with the Cambridge & Peterborough Combined Authority
(CPCA), up to £47,850,000, in relation to the Peterborough
Station Quarter (PSQ) project and Levelling Up Fund (LUF); and
 
2. Delegated authority to the Executive Director, Place &
Economy, in consultation with the Director of Legal and Governance,
to award and enter into contracts, arrangements and
other legal documentation on behalf of the Council, which is
necessary in connection with the PSQ LUF project.
 
3. Delegated authority to the Executive Director, Place and
Economy to authorise the expenditure of the external funding
received by the Council.
 
The report presented to Cabinet can be found at the bottom of
this page.