Renfrewshire Council – Clyde Waterfront and Renfrew Riverside Project – Outline Business Case Approved Etc – Declaration of Interest

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Renfrewshire Council – Clyde Waterfront and Renfrew Riverside Project – Outline Business Case approved etc – Declaration of interest. 15 With reference to the minutes of 23rd June 2015 approving the Strategic Business Case (SBC) in respect of the Clyde Waterfront and Renfrew Riverside project (CWRR), there was submitted a report by the Director of the Programme Management Office (PMO) intimating that Renfrewshire Council had submitted an Outline Business Case (OBC) in respect of the project, which, following evaluation by the PMO, had been considered and approved by the Chief Executives’ Group on 30th November 2016 and was now being submitted to Cabinet for approval, advising (1) that the executive summary of the project, detailed in Appendix 1 of the report, described the strategic case, economic case, commercial case, financial case, sustainability case and management case; (2) that the project had been reviewed against the business case criteria outlined within the Glasgow City Region City Deal Business Case Guidance Template; (3) of the project risk register, as detailed in Appendix 2 of the report; (4) that there were revenue implications associated with the project which would impact on other member authorities and would require to be developed as detailed; (5) that Renfrewshire Council was seeking approval, as part of this submission, to vire £12.347m from the Glasgow Airport Investment Area (GAIA) project to the CWRR project; (6) of the funding requirements as detailed; and (7) that the potential project benefits previously listed in the OBC differed from those within the SBC, as detailed. After consideration and having heard a presentation on the project by Stephen McFadden, Renfrewshire Council, the Cabinet (a) agreed that Renfrewshire Council be invited to proceed to the next stage of project development through the preparation of a Full Business Case, subject to the OBC evaluation criteria being met in full; (b) noted (i) the project risk register detailed in Appendix 2 of the report; and (ii) the potential minor revenue implications for other member authorities; and (c) approved (i) the funding requirement of £10.81m; and (ii) virement of £12.347m, from GAIA to CWRR. Councillor Macmillan declared an interest in this item and took no part in the discussion or decision thereon. .

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