1)    That the Council make available up to £7.5m of prudential borrowing to be fully funded by the Royal Devon University Healthcare NHS Foundation Trust across the lease term for ‘fitting out works’ at Gadeon House, Grenadier Road, Exeter;

2)    The Council agrees to grant a lease to Royal Devon University Healthcare NHS Foundation Trust NHS for a term of 25 years; and

3)    The Council will appoint Devon Contractors as required by Royal Devon University Healthcare NHS Foundation Trust NHS to facilitate the building contract fit-out works via a direct award under the Procurement Act 2023 (PA23) Schedule 5 13(a).  To mitigate any procurement risk, and ensure that the requirements of PA23 are met, the Council will publish a UK5 Transparency Notice prior to award of contract via a UK6 Contract Award Notice which will be followed by a mandatory 8-day standstill period.