Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To seek endorsement of the recommendations of
the North Kent Approval Panel, and formal agreement to approve an
Equity Investment application to the TIGER fund.
The Cabinet Member for Economic Development, has agreed to implement the recommendation of the North Kent Approval Panel and grant a loan to the Company set out in the exempt report, subject to the conditions also contained therein, of £1,174,072 from the TIGER Fund.
Governance:
The
Executive Scheme of Delegation for Officers set out in
Appendix 2 Part 4 of the Constitution (and
the directorate schemes of sub-delegation made thereunder) provides
the governance pathway for the implementation of this decision by
officers. In this instance, Director of Economic Development
(on behalf of the Corporate Director Growth Environment &
Transport) will be the lead officer seeking to ensure that all such
steps as are necessary to implement the decision.
Publication date: 19/11/2014
Date of decision: 19/11/2014
Effective from: 27/11/2014
Accompanying Documents: