Issue - meetings

Request for Financial Assistance from a Company

Meeting: 03/09/2009 - Cabinet (Item 105)

Request for Financial Assistance from a Company (2)

Minutes:

The Deputy Chief Executive / Director of Corporate Services sought Cabinet approval to provide a grant from the Think Big Investment Fund to the company named in the report to assist towards their business expansion project.

 

Resolved –

 

(1) That a Think Big Investment Fund Grant, paid over two years, be approved towards the business expansion project being undertaken by the company named within the report, subject to the conditions detailed in the report.

 

(2) That the Director of Law, HR and Asset Management be authorised to draw up and sign a legal agreement between the Council and the business based upon the content of the Director’s report.

 

(3) That “call in” be waived to enable the Council to proceed with negotiations with the company immediately.