Issue details

Wye Valley Trust (WVT) Investment Partnership Model

 

 

To agree an increase in value offered as an investment to Wye Valley Trust to enable the development of an Education Centre at Hereford County Hospital. To further explore options around a strategic investment partnership and bring a business case back to cabinet for approval in Autumn 2024. Wye Valley Trust produced a cost plan in July 2023 which has been uplifted to reflect an estimate of price increases applicable to the scheme in order to arrive at a realistic assessment of total costs. Based on these costs at this point in the process WVT have anticipated they would require a loan of £15million from Herefordshire Council.

Decision type: Key

Reason Key: Expenditure;

Decision status: Recommendations Approved

Wards affected: Central;

Notice of proposed decision first published: 03/08/2023

Decision due: 28 March 2024 by Cabinet

Lead member: Cabinet member economy and growth

Lead director: Director of Resources and Assurance (Historic)

Department: Corporate Support Centre

Contact: Joni Hughes, Head of Chief Executive's Office Email: Joni.Hughes@herefordshire.gov.uk Tel: 01432 260598, Sarah Morris, Programme Coordinator Email: Sarah.Morris2@herefordshire.gov.uk Tel: 01432 383698.

Decisions

Agenda items

Documents

  • Wye Valley Trust (WVT) Investment Partnership Model