Issue - decisions

That the Cabinet Member for Business, Licensing and Planning and Cabinet Member for Finance and Smart City:

a)     Noted the operational update and reported increase in costs; and

b)     Approved the forecast expenditure as detailed in paragraph 5.2 to cover all aspects of the delivery of the Mound.

Reasons for Decision

Since the initial CMR in May 2021 costs for the Mound have increased and therefore further Cabinet Member approval was required to draw down from the overall provision of £150m Oxford Street District investment budget.