Decision details
Silverstone Heritage Centre Loan Facility
Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Exempt report
Decision:
Resolved
(1) That Full Council be recommended to consider the application for a loan facility of up to £1 million, to the Silverstone Heritage Experience. This is to partially match fund the £9.1m of grant funding secured from Heritage Lottery Fund (HLF) and in addition to £8m of loans granted by Local Council partners and Local Enterprise Partnerships.
Reason Key: Significant Expenditure or Savings and effect on communities in two or more wards;
Corporate Priorities : District of Opportunity & Growth;
Reason No Public Access: Yes - By virtue of paragraph 3 of Schedule 12A of Local Government Act 1972
Declarations: None
Subject to Urgent Proceedings: No
Contact: Adele Taylor, Executive Director: Finance (Interim) & Section 151 Officer Email: adele.taylor@cherwell-dc.gov.uk Tel: 0300 003 0103.
Report author: Adele Taylor
Publication date: 03/07/2018
Date of decision: 02/07/2018
Decided at meeting: 02/07/2018 - Executive
Effective from: 07/07/2018
Accompanying Documents:
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