Purpose of report: to set out the rationale for Oxford West End Development (OxWED) proceeding with the preparation and submission of its own outline planning application and associated site preparation & promotion work and to seek approval for a formal request for additional loan finance, of up to £2m to the Joint Venture Partners, Oxford City Council and Nuffield College (up to £1m from each partner), to support this work.

Recommendations: as set out in the report.

This matter was considered in confidential session.