Purpose

To agree the principle of Herefordshire
Council investing in a project where the council is in partnership
with Wye Valley Trust to enable the development of an Education
Centre at Hereford County Hospital and to authorise the Director of
Resources and Assurance in consultation with the Portfolio Holder
for Economy and Growth to sign heads of Terms for both parties to
agree the principles and to further explore options around a
strategic investment partnership and bring a business case back to
cabinet for approval in the Autumn of 2023.

Decision

That:
 

a)   
authority is delegated to the Director
of Resources and Assurance in consultation with the Portfolio
Holder for Economy and Growth to sign Heads of Terms between
Herefordshire Council and Wye Valley Trust for a partnership to
enable development of an Education Centre at Hereford County
Hospital;

b)   
Cabinet authorises the development of an
options appraisal to inform a full business case of an investment
model most appropriate to allow the project to progress and bring
that back to cabinet for further authorisation in autumn 2023;
and

c)   
authority
is delegated to the Director of
Resources and Assurance in consultation with the Portfolio Holder
for Economy and Growth to take all operational decisions relating
to the above recommendations.