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  • Issue
  • Issue details

    Approval of Equity Investment from the TIGER Fund - 14/00133

    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.

    Decision type: Key

    Reason Key: Expenditure or savings of more than £1m;

    Decision status: Recommendations Approved

    Notice of proposed decision first published: 06/10/2014

    Anticipated restriction: Part exempt  - View reasons

    Explanation of anticipated restriction:
    Some of the decision documents are liekly to be exempt form publication owing to the sensitive financial information which they may contain. All KCC elected members willhave access to the papers.

    Department: Growth, Environment & Transport

    Contact: Jacqui Ward, Regional Growth Fund Programme Manager Email: Jacqui.Ward@kent.gov.uk.

    Consultees

    The application has been subject to an independent appraisal from PWC and the consequent report has been considered by the North Kent Approval Panel in line with the governance of the TIGER Fund as agreed by KCC and the Department for Business, Innovation and Skills.
    The Growth, Economic Development and Communities Cabinet Committee will receive, as part of its regular updates, information pertaining to this and other grants, loans and equity investment made and performance against targets.

    Financial implications: Lead officers: Jacqui Ward RGF Programme Manager Jacqui.Ward@kent.gov.uk 01622 694437 Lorna Wilkinson Principle Regeneration and Projects Officer Tel: 01622 696868 lorna.wilkinson@kent.gov.uk Lead Director: David Smith Director Economic Development Tel: 01622 221856 David.Smith@kent.gov.uk

    Legal implications: 14/00033

    Equalities implications: Financial criteria exceeded

    Decisions

    Agenda items