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Decision details
Approval for Bristol City Council (as lender) to enter into a £3.3m working capital facility
Decision Maker: Executive Director: Growth and Regeneration
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
On 4 September 2018, Cabinet “authorised
the Executive Director Growth
Decision:
The £3.3m working capital facility
enables Goram Homes Limited to draw down £500,000 per
year
(except in the first year, were the limit is higher), as working
capital, for up to six years.
Alternative options considered:
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