Issue - decisions

Discovery Park Enterprise Zone, Sandwich. Growing Places Fund investment

14/12/2015 - Discovery Park Enterprise Zone, Sandwich. Growing Places Fund investment

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.