Decision Maker: Cabinet
Decision status: Decision made
Is Key decision?: Yes
Is subject to call in?: Yes
This report sets out a proposal to lend
£50,000 to the Sunlight Development Trust over five years,
interest free, to assist them in achiveing their business
objectives.
86/2007 The Cabinet agreed that the Council
makes a loan of £50,000 to the Sunlight Development Trust to
assist them in achieving their business objectives.
87/2007 The Cabinet agreed that the loan be unsecured, at no
interest, repayable over 5 years in equal instalments.
A loan to the Sunlight Development Trust would
enable them to solve their current funding difficulties and enable
them to continue and develop their current operations.
Publication date: 03/04/2007
Date of decision: 03/04/2007
Decided at meeting: 03/04/2007 - Cabinet
Effective from: 12/04/2007
Accompanying Documents: