Decision details

REPORT OF THE DEPUTY LEADER AND CABINET MEMBER FOR CORPORATE SERVICES

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

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: