Decision Maker: Executive Director: Growth and Regeration
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
On 4 September 2018, Cabinet “authorised
the Executive Director Growth
The £3.3m working capital facility
enables Goram Homes Limited to draw down £500,000 per
(except in the first year, were the limit is higher), as working capital, for up to six years.
The Cabinet approval referred to the source of
this funding as being Public Works Loan Board
(PWLB) borrowing. However, following discussion with the s 151 officer, the source of this funding
will now be funded from within BCC, rather than via PWLB.
Publication date: 08/07/2019
Date of decision: 27/06/2019