Agenda and decisions

To receive any apologies for absence and notification of substitutions.

At this point Members must declare whether they have a disclosable pecuniary interest, or other interest, in any of the items on the agenda, unless it is already entered in the register of members’ interests.

To approve the minutes of the meeting held on 16 December 2024 and to note the Action Log.

The minutes from the meeting held on 16 December 2024 were approved as an accurate record.

The Action Log was noted.

To consider and comment on the concept proposal for the Strategic Investment and Innovation Fund prior to its presentation to the CPCA Board at its meeting on 22 January 2025. 

RESOLVED:

The Investment Committee resolved to:

A.    Note and comment upon the Strategic Investment & Innovation Growth Fund concept paper prior to its presentation to the CPCA Board at its meeting on 22 January 2025.

To present the following business cases and change requests to the Committee:

·         Peterborough Station Quarter (PSQ)

·         Cygnet Bridge

·         Waterbeach Renewable Energy Network (WREN)

RESOLVED:

A.    To make recommendations to the CPCA Board for the approval of the Full Business Case for the Peterborough Station Quarter, including and funding of £47.85m capital investment from HM Government’s Levelling Up Fund which has been included in the MTFP, subject to approval from the Department for Transport

B.    To make recommendations to the CPCA Board for the approval of the Change Request and increased funding of £2m to deliver the Cygnet Bridge project

C.   To approve the Change Request for a timing change for the Waterbeach Renewable Energy Network (WREN) project.

To note the Chief Executive business case decisions for projects less than £1m, under the Single Assurance Framework arrangements.

RESOLVED:

To note the Chief Executive business case decisions for projects less than £1m under the Single Assurance Framework.

To note the Committee’s Work Programme.

10 February 2025.