(a) That the principle of investment of Basic Need capital grant in East Berkshire College to create a new Higher Education facility in Slough and attract £1m from the TVBLEP be approved;
(b) That the Strategic Director for Regeneration, Housing and Resources be given delegated authority, following consultation with the S151 officer, Leader of the Council and Commissioner for Education and Children to explore the proposal further and, if agreed finalise the terms and values within the bid, with the investment by Slough capped at £2m; and
(c) That the principle of an appropriate adjustment to the capital programme be recommended to Council.