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Agreement will be sought to formally approve
Independent Advisory Board recommendations and award a loan of
£1,942,000 to a successful applicant in accordance with the
fund criteria
Decision type: Key
Reason Key: Expenditure or savings of more than £1m;
Decision status: Recommendations Approved
Division affected: Folkestone South;
Notice of proposed decision first published: 23/05/2015
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
The majority of the information pertaining to this decision will be exempt from publication owing to its sensitive financial nature. All KCC elected members will be given access to the documents.
Decision due: Not before 15th Jun 2015 by Leader and Cabinet Member for Health Reform
Reason: IN order that the decision can conform to statutory requirements relating to advance publication.
To seek formal agreement of the recommedation of the Independent Advisory Board for the East Kent Expansion Fund to award a loan of £192,000,00 to an applicant meeting the agreed criteria for approval under the fund.
Lead member: Sir Paul Carter, CBE paul.carter@kent.gov.uk
Lead director: Barbara Cooper
Department: Growth, Environment & Transport
Contact: Jacqui Ward, Regional Growth Fund Programme Manager 03000 417191 Email: Jacqui.Ward@kent.gov.uk.
Consultees
The appropriate pre-decision scrutiny has been
undertaken, as set out in the requirements fro the fund, by the
Independent Advisory Board.
Financial implications: Lead officer: Jacqui Ward RGF Programme Manager Jacqui.Ward@kent.gov.uk 03000 417191 Lead Director: David Smith Director Economic Development Tel: 03000 417176 David.Smith@kent.gov.uk
Legal implications: 15/00054