Purpose

To review the commercialisation routes for delivery of the PIRI
project and determine the Council's preferred option to be
developed further as part of the production of the Full Business
Case.

Decision

Cabinet considered the report and RESOLVED to:
 
1. Approve the route to delivery of the PIRI project, via a
partnership arrangement, as set out in section 4.2.2 of this
report, including the procurement of a partner.
2. Authorise the Interim Director of Legal and Governance to
enter into any legal agreements or documentation on behalf of the
Council to facilitate the decision in recommendation one.

Reasons for the decision

Should approval from Cabinet on 16 October 2023 be received, the
work required to procure a potential partner will proceed. A full
business case will be produced which will examine potential
structuring arrangements. Following these steps Cabinet will be
asked to approve the final delivery structure in order to complete
the commercialisation phase of the project by October 2024.

Alternative options considered

The alternative structures considered are described in the main
body of the report.