Having considered all of the information, including known proposals, alternative options and reasons for the recommendations, Cabinet noted the report and
(1) Approve that the County Council becomes project promoter of the £22M Growth Deal 3 allocation for the Cheltenham Cyber Business Park transport mitigation package;
(2) Approve the use of the £3.3M Growth Deal funding the County Council has already received from Government via a s31 grant to progress the preparation of the scheme business case(s) for the Cheltenham Cyber Business Park ahead of the formal funding by the GFirst LEP Board;
(3) Note that a further £550K will be required during 2018/19 on the development of an Outline Business Case (OBC) for the M5 Junction 10 Housing Infrastructure Fund (HIF) bid submission to Homes England by the deadline of 1st March 2019;
(4) Recommend to Council that up to £275K is allocated from the A417 Missing Link Reserve to fund the OBC for M5 Junction 10, should the County Council fail to obtain funding from the Homes England bid.