Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Loan to Northumberland Community Bank
RESOLVED that Cabinet approve a loan facility of £50,000 to Northumberland Community Bank subject to the following:
· NCB agreeing to the proposed terms and conditions;
· NCC’s Legal Team completing a legal agreement with NCB in advance of any loan drawdown by NCB, containing the terms and conditions set out within this report; and
· Subsidy Control implications being investigated and satisfied.
Publication date: 13/06/2023
Date of decision: 13/06/2023
Decided at meeting: 13/06/2023 - Cabinet
Effective from: 15/06/2023
Accompanying Documents: