Decision details

The report of the Head of Regulation and Economic Development incorporating the Anglesey Freeport – Progress on the Full Business Case (FBC) preparation was presented to the Executive’s consideration.

The Leader of the Council and Portfolio Member for Economic Development said that the Full Business Case is being developed in line with the final guidance for Welsh Freeports.  The Council and its consultants are working in collaboration with Stena and their advisors to deliver the Full Business Case by the end of October.

The Chief Economic Development Officer said that it is anticipated that there will be a delay of up to 2 to 3 weeks in the completion of the Full Business Case.

It was RESOLVED to delegate authority to the Chief Executive, in consultation with the Leader and Portfolio Holder for Economic Development, the Directors of Council Business/Monitoring Officer and Resources/Section 151, to sign-off and submit the draft Full Business Case (FBC) to Government for approval by UK and Welsh Governments.