Issue details

AMRC Lightweighting Centre - Approval to Contract

 

 

Sheffield City Council (SCC) has been working with the University of Sheffield to secure Sheffield City Region Investment Fund (SCRIF) finance to fund a composites research facility called the Lightweighting Centre. This is required to support several important inward investments. The funding of £10m will be routed through SCC so the decision being sought is for SCC to enter into a Funding Agreement with Sheffield City Region and then in turn enter into a back to back Funding Agreement with the University.  Approval from Sheffield City Region was forthcoming at the end of January.

 

Decision type: Key

Reason Key: Expenditure/savings > £500,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 01/03/2017

This decision will be taken under urgency procedures.

Reason for urgency:
See Regulation 11 Notice

Scrutiny Committee: Economic and Environmental Wellbeing Scrutiny Committee;

Department: Place

Contact: Kevin Bennett Email: kevin.bennett@sheffield.gov.uk Tel: 0114 2232416.

Date agenda documents available: 14/3/17

Decisions

Documents