(a)       That the committee agrees to award to the Dorset Natural History & Archaeological Society the following funding as a contribution to the Society’s ‘Tomorrow’s Museum for Dorset’ project:

a)    a grant of £150,000 from the council’s Corporate Projects Reserve;

b)    a loan of £475,000 from the Corporate Projects Reserve to be repaid with interest over a 7 year period and by March 2027 at the latest in accordance with the council’s Community Lending Policy.

(b)       That the future developer contributions for museums from the Section 106 agreement for phases 3 and 4 of the Poundbury development, which are estimated to total £141,000, are to be forward funded by the District Council by way of the use of the Corporate Projects Reserve and paid as a grant to the Dorset Natural History & Archaeological Society as a contribution to the Society’s ‘Tomorrow’s Museum for Dorset’ project

(c)       That the Strategic Director and Section 151 Officer be given delegated authority to agree the terms of both the grant and loan agreements with the Dorset Natural History & Archaeological Society in accordance with the recommendations (2) and (3) above.