Decision details

Arkwood Loan Facility Agreement (Key Decision)

Decision Maker: Cabinet

Decision status: Recommendations Approved (subject to call-in)

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

That Cabinet approve:

 

a)       the additional £13,591,929 to be added to the Capital programme, making a total capital budget of £25m;

 

b)       the variation to the Facility Agreement to accommodate the power to vary the agreement and the extension to the cap on the facility from £12m to £25m; and

 

c)        subject to the subsidy control advice, to delegate responsibility to the Portfolio Holder for Strategy, Performance & Finance to amend the Facility Agreement to ensure the agreement remains subsidy control compliant.

Report author: Nick Wilson

Publication date: 21/01/2026

Date of decision: 20/01/2026

Decided at meeting: 20/01/2026 - Cabinet

Date comes into force if not called in: 27/01/2026

Call-in deadline date: 26/01/2026

Current call-in Count: 0

Accompanying Documents: