Decision Maker: Cabinet
Decision status: Decision made
Is Key decision?: Yes
Is subject to call in?: Yes
To seek Cabinet approval to amend the Partners
for Growth scheme which provides funding assistance to assist local
businesses.
171/2007 The Cabinet agreed to expand the
Partners for Growth eligibility criteria, as set out in paragraphs
6.1 to 6.8 of the report and that a report be submitted to Cabinet
in 6 months on the potential to expand the loan fund and
Partnership in line with paragraph 6.9 of the report.
The revisions to the Medway Council Partners
for Growth scheme will enable it to be more flexible to meet the
needs of businesses in the future economic climate. They will also
enable the scheme to more effectively meet the needs of the
Council's Regeneration, Economic Development and Community
plans.Removing a number of business exclusions will allow the
scheme to be more inclusive of the diverse range of businesses in
Medway. Furthermore, more emphasis will be placed on workforce
development to improve the skills and qualifications of the Medway
workforce.
Publication date: 25/09/2007
Date of decision: 25/09/2007
Decided at meeting: 25/09/2007 - Cabinet
Effective from: 05/10/2007
Accompanying Documents: