Cabinet will be asked to approve an application for funding in excess of £500k, to continue with the Bretons Development phase based on the detailed business plan to be presented to Cabinet in October 2018.

Cabinet:

·       Agreed that £350k be allocated from the Transformation Fund to fund the project management, master planning and other associated costs plus that funding to a cap of £100k be made available from the Business Risk Reserve to cover any necessary legal costs arising.

·       Delegated authority to the Chief Operating Officer, after consultation with the Leader and Cabinet Member for Public Protection and Safety, to authorise the submission of related funding applications to external bodies to a limit of £5m.