To report on the development of the Maritime Knowledge Hub at Wirral Waters. To include any relevant funding and commercial approvals to progress project.

Resolved – That, 

(1)  the Director of Regeneration and Place, in consultation with the Director of Law and Governance and the Director of Resources, be authorised to finalise the Heads of Terms substantially in accordance with the draft Heads of Terms attached as an appendix to this report.

(2)  that the Full Business Case for Maritime Knowledge Hub, be approved;

(3)  the Director of Law and Governance in consultation with the Director of Regeneration and Place and the Director of Resources, be authorised to finalise agreements for the Council to enter into a conditional Forward Funding Agreement, Agreement for Lease and Lease, based on the finalised heads of terms, with Peel Land and Property (Intermediate) Ltd.; and

(4)  the Director of Regeneration and Place in consultation with the Director of Law and Governance and the Director of Resources, be authorised to accept the terms of the Grant Funding Agreement, subject to successful award, from Liverpool City Region Combined Authority and Ministry of Communities, Housing and Local Government in respect of the pre-test and trial Maritime Accelerator Project and to commence necessary procurement exercises to enable the delivery of the Accelerator.