Decision

1. That the updated Business Case as presented in Appendix A and Exempt Appendix B be noted.
2. That the submission, by Partnership and Places LLP, of the planning application be approved as outlined in Appendix D to the Local Planning Authority.
3. That a capital budget and expenditure of up to £450,000 be approved, funded by prudential borrowing, to agree the surrender of the lease of the M&S car park in order to enable the proposed bus infrastructure to be provided.
4. That the Strategic Director with responsibility for the Central Winchester Regeneration project be authorised to negotiate the surrender of the lease of the M&S car park in Tanner Street. 
5. That, should negotiations for the surrender of the lease of the M&S car park on Tanner Street prove unsuccessful, Cabinet resolves to exercise compulsory purchase powers to facilitate its acquisition and authorises the Strategic Director with responsibility for the Central Winchester Regeneration project to undertake all necessary investigations and preparatory work required for the making of a Compulsory Purchase Order.
6. That the Strategic Director with responsibility for the Central Winchester Regeneration project be authorised, in liaison with the S151 officer, to continue to negotiate with Jigsaw on the commercial terms within the Development Agreement to reflect the Council's investment in the project.