Decision details

Little Canfield Business Park

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

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

Decision:

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.

 

Report author: Adrian Webb

Publication date: 06/09/2021

Date of decision: 02/09/2021

Decided at meeting: 02/09/2021 - Cabinet

Effective from: 14/09/2021

Accompanying Documents: