The Funding Committee of Cambridgeshire and Peterborough Combined Authority is scheduled to convene on Monday 22 June 2026. The meeting's agenda includes a review of the committee's terms of reference, consideration of business case approvals under the Single Assurance Framework, and a project progress report.

Review of Terms of Reference

The committee is scheduled to review and comment on proposed amendments to its Terms of Reference. These proposed changes are part of an ongoing commitment to good governance and continuous improvement, aiming to ensure the committee's terms remain fit for purpose and align with the Combined Authority's Corporate Plan 2025-29. The review also takes into account the introduction of the Single Assurance Framework (SAF) and its impact on the Funding Committee's role in investment decision-making. The proposed amendments detail revised approval levels for concept papers and business cases, with financial thresholds adjusted for officer, Funding Committee, and Board approvals. The format of the Terms of Reference is also being revised for improved readability and transparency.

Single Assurance Framework Business Case Approvals: Funding Committee Decisions

A key item for discussion is the presentation of a Full Business Case for the Skills Capital Funding - KD2026/021 . This programme, funded by the Department for Education, aims to expand post-16 education capacity across Cambridgeshire and Peterborough. It seeks to address demographic growth in 16–19 learners and increase construction skills provision to meet employer demand. The programme comprises three funding streams: the Post-16 Capacity Capital Fund (£11,168,826), the Construction Skills Capacity Capital Fund (£1,600,450), and a Project-Based Capital Fund (£1,684,685) to secure employer co-investment. The total funding value for this business case is £15,143,069. The committee is being asked to recommend the approval of this business case to the Combined Authority Board.

Single Assurance Framework Business Case Approvals: Officer Decisions

The committee is also scheduled to note officer decisions made under the Single Assurance Framework for projects with budgets less than £2 million. These decisions cover various business cases and change requests approved by officers between March and June 2026. Noteworthy approvals include funding for the FE Teacher Industry Exchange Programme (Construction) (£137,907), the Changing Futures (2025-28) programme (£225,000), and the National Cycle Network (NCN) School Neighbourhoods project (£556,347). Several change requests are also listed for noting, including extensions and funding reprofiles for initiatives such as the UK Shared Prosperity Fund (UKSPF) , Connect to Work , and the Digital Connectivity Strategy 2025-2029 .

Project Progress Report

A Project Progress Report is scheduled for noting, which will include updates on the Strategic Projects Dashboard and the Portfolio Dashboard. This report provides an overview of the performance of projects and programmes currently in delivery, highlighting their RAG (Red, Amber, Green) status, direction of travel, and key risks and mitigations. The report indicates that out of 38 in-delivery projects, 36 are submitting highlight reports, accounting for 97% of the total funding value. Among the strategic projects, six are rated Amber and six are rated Green, with no Red-rated strategic programmes or projects reported. The wider CPCA portfolio of 57 projects includes two Red-rated projects: the £100m Affordable Housing Programme and the Nature and Environment Investment Fund .

Work Programme

The committee will also review its Work Programme for 2026-2027. This document outlines the planned agenda items for future meetings, including standing items such as the minutes of previous meetings and election of a Vice-Chair, as well as specific business cases and reports anticipated for discussion.