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As Cabinet Member for Economic Development I have agreed that Kent County Council:
a) Draw down capital funds of up to £4.6 million from the Growing Places Fund;
b) Make available loan finance of up to £4.6 million to one or more third party organisations to support the development of Discovery Park Enterprise Zone.
This shall be subject to:
a) The conclusion of a satisfactory loan agreement from Essex County Council, as the Accountable Body for Growing Places Fund; and
b) The receipt of a satisfactory application for loan finance from one or more third party organisations.