Decision details

That the Cabinet Member for Economic Development, agrees for Kent County Council to delegate to the Director for Economic Development the authority to transfer to East Sussex County Council recovered loan repayments obtained from East Sussex companies who received funds via the former Regional Growth Funded (RGF) Escalate programme.

As Cabinet Member for Economic Development I agree that:

Administration of and funding-decision authority for the monies previously recovered from companies based in East Sussex and handled via the Escalate Scheme, be transferred to East Sussex County Council for management via their East Sussex Invest 5 scheme; and

authority be delegated to the Director of Economic Development to take appropriate actions, including but not limited to, entering into legal agreements as necessary to implement this decision.