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Approve a capital budget for 3 loan facilities amounting to £18,500,000, to be provided to Cambridge Investment Partnership (CIP)
Decision type: Key
Reason Key: Expenditure > £300,000;
Decision status: For Determination
Notice of proposed decision first published: 21/03/2025
Decision due: 31 Mar 2025 by Executive Councillor for Finance and Resources
Lead member: Executive Councillor for Finance and Resources
Department: Communities Group
Contact: Ben Binns, Assistant Director, Development Email: Ben.Binns@cambridge.gov.uk.
Additional Information: This is a key item and will automatically appear on the agenda for discussion / debate.
Background Information: Having received favourable planning resolution, CIP are in place to commence development works on site, and approval is herewith sought to confirm a loan facility offering, to utilised solely for the purposes of Housing delivery, including regeneration activities and new build development at Newbury Farm, ATS/Murketts Histon Rd, and Fanshawe Road.
