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:


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 01622 694437 Lorna Wilkinson Principle Regeneration and Projects Officer Tel: 01622 696868 Lead Director: David Smith Director Economic Development Tel: 01622 221856

Legal implications: 14/00033

Equalities implications: Financial criteria exceeded


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