DD1368 FE Capital Round 1

Type of decision: 
Director's decision
Code: 
DD1368
Date signed: 
10 July 2015
Decision by: 
Fiona Fletcher-Smith, Executive Director of Development, Enterprise and Environment

Executive summary

Subsequent to LEP and IPB approval, this paper sets out the request for approval of 14 projects from Round 1 of the FE Capital Investment Fund with grant award of up to £53.5m including capital expenditure of £39,601,401 plus increase of cost due to pre-agreement inflation and any other allowance recommended by technical advice and the consequent formation of funding agreements with respective Further Education providers. The paper also requests approval for expenditure of up to £627,000 revenue funding to cover costs of technical and specialist due diligence in support of assessment of proposals for future rounds and independent monitoring for the Further Education (FE) Capital Investment Fund.

Part 1: Non-confidential facts and advice