To:
1. Claim grant of £7m from the Department of Communities and Local Government (DCLG) Building Foundations for Growth fund in accordance with the letters of 17 December 2014 and 16 March 2015 from Helen Edwards, Director General Localism, DCLG.
2. Pay the specified grant to MEPC for the construction of the Milton Bioscience Research and Innovation Centre, in accordance with the locally agreed milestones, being payment in three tranches, at design stage, start on site and practical completion.
3. Monitor construction progress and management of the facility and take such actions as may be necessary to ensure the continuation of the facility for the purpose intended.
4. Delegate authority to the strategic director with responsibility for the Enterprise Zone, to enter into Heads of Terms and an Accountable Body Agreement with MEPC for the development of a Bioscience Research and Innovation Centre.
Note: The Scrutiny Committee chairman has waived call-in rights on this decision.