Decision details

To allocate funds, from the £300 million commercialisation allocation, to the commercial element of the Council Depot site

RESOLVED to endorse the conclusions of the Investment Board and that:

i. The sum of £7,500,000 is allocated to the commercial element of the Little Canfield Business Park project from the £300,000,000 commercial fund; and

ii. The funding should be split on an 80% interest only and 20% repayment funding basis; and

iii. Council is requested to endorse the allocation and to authorise the necessary borrowing.