8. Arkwood Loan Facility Agreement (Key Decision)
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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.