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