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Details

Status:
Implemented
Title:
Waterbeach Railway Station, Decision to enter into Homes England Grant Funding Agreement
Details of decision Proposed/Taken
Delegate authority to the Executive Director of Finance and Resources, in consultation with the Chair and Vice Chair of the Committee, to agree the final terms and execute documents to enable this funding approach.
Date Decision Taken at Committee
Thu 31 Oct 2024
Directorate
Finance and Resources
Contact for Background Papers:
Tom Kelly, Service Director for Finance and Procurement 
tom.kelly@cambridgeshire.gov.uk
Decision Type:
Officer
Decision Maker:
Michael Hudson
Is Decision County Wide:
No
Budget Provision:

Homes England have agreed to fund a repayable grant of up to £23.35m towards the construction of the Station and the construction haul road. All funding will be repaid to Homes England by the developer, via the S106 agreement. This transfers risk around developer repayment from local bodies to Homes England. At this stage, no further direct funding is being requested with a £20million direct investment from the GCP programme budget having already been allocated.

Therefore this agreement has sufficient funding. 
Decision Options:

see report

Decision Criteria

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Wards

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Topics

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Overview and Scrutiny

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Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
1
 Page 1 of 1, items 1 to 3 of 3.
10/03/2025 11:55:35Jenna HarronBusiness Item Created 
10/03/2025 11:56:10Jenna HarronStatus ChangedImplemented [7]
10/03/2025 11:59:33Jenna HarronReport AddedDocument ID 47149: Exec Director Decision Waterbeach Station HE funding

Approval/Comments

No history found.