Issue - decisions
Revolving Construction Loan to Low Carbon Hub IPS
Drawing up and signing a loan agreement for a revolving £2.3m fund with the Low Carbon Hub following decision of Council on 22 July 2019.
Council considered a report of the Head of Financial Services submitted to the Cabinet on 29 May 2019 seeking approval of a revolving loan facility for the Low Carbon Hub IPS (Industrial and Provident Society).
Councillor Turner, the Cabinet Member for Finance and Asset Management presented the report and answered questions. He moved the recommendations, which were agreed on being seconded and put to the vote.
Council resolved to make budget provision of £2.3 million to enable the revolving loan facility to the Low Carbon Hub to be created.