Issue - meetings
Application for Financial Assistance (2)
Meeting: 25/11/2019 - Cabinet (Item 66)
The Cabinet Member for Regeneration and Growth introduced a report which sought approval to provide a grant to enable the company named in Appendix 1 of the report to relocate to Wirral, expand and create jobs, in line with the objectives of the Council’s Business Investment Fund and Wirral Growth Plan.
Appendix 1 of the report contained commercially sensitive project and company information. Accordingly, Appendix 1 was deemed to be exempt from disclosure under paragraph 3, Part 1 of schedule 12A of the Local Government Act 1972 (as amended). (Minute 69 refers).
On a motion by Councillor Tony Jones, seconded by Councillor Janette Williamson, it was -
Resolved - That:
(1) a grant in the sum of £275,000 be paid from the date of the signing of the legal agreement, subject to the conditions outlined in the report, towards the business growth project being undertaken by the company named within Appendix 1 to the report.
(2) the Director of Governance and Assurance be authorised to draw up and sign a legal agreement between the Council and the business subject to the conditions outlined in the report.
1. To enable the company named in Appendix 1 to relocate to Wirral, expand and create jobs, in line with the objectives of the Council’s Business Investment Fund and Wirral Growth Plan.
2. The Council’s Capital Programme included an allocation for funding for business growth grants via the Business Investment Fund. The aim of the scheme was to provide support to businesses for viable projects that would support employment growth and business expansion within the Borough, which would not proceed without public sector intervention and which were not able to access any other external funding.