Issue - meetings

Arkwood Developments Facility Agreement

Meeting: 20/01/2026 - Cabinet (Item 8.)

8. Arkwood Loan Facility Agreement (Key Decision) pdf icon PDF 218 KB

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.