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DETERMINED that in relation to the 3% allocation to Greater Manchester
Property Venture Fund, approved by Panel on 14 July 2023, for GMPF to
fund up to £1.2m of development costs, in advance of completion of the
Development Agreement with the preferred development partner.

Reasons for the decision

An allocation of 3% of Fund assets to the Greater Manchester Property
Venture Fund was ratified by Panel on 14 July 2023.

Costs are required to be met by GMPF, for asbestos removal and to enable
a planning application to be submitted later in 2024.