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The Cabinet Member for Economic Development agrees to delegate authority to the Director of Economic Development to:
(i) Enter into relevant contracts, legal agreements and put appropriate arrangements in place required to implement this decision, allowing Thurrock Companies to access loans from the Kent and Medway Business Fund (KMBF);
(ii) Finance the loans from recycled loan repayments previously obtained from Thurrock companies that received funds via the former RGF Tiger programme;
(iii) Ensure that these loans are subject to the same rules, criteria and administrative charges as loans that are allocated under the existing KMBF to Kent and Medway companies. |