Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
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.
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: