Issue - decisions
Amendments to Development Facility Loan Agreement for Aequus Construction Ltd and Aequus Developments Ltd (WL)
27/08/2025 - Amendments to Development Facility Loan Agreement for Aequus Construction Ltd and Aequus Developments Ltd (WL)
The Cabinet Member agrees that:
(1) The change to the market rate of interest used in the Development Facility Loan Agreement, taking into account the UK subsidy control framework, is approved.
(2) The total loan commitment amount reflected in the loan agreement is updated to align to the recently approved Aequus Strategic Business Plan 2024-30 and the associated provision for loans included in the Council’s 5 Year Capital Programme in line with the February 2025 Council Budget Report.
(3) The delegation of future decisions on the loan agreements and the granting of specific loans to Aequus is updated to the S151 Officer in consultation with the Cabinet Member for Resources.