Issue details
Rule 4 - Aequus - Bounce Back Business Loan Authorisation
As part of its response to support small and medium sized businesses with the impacts of the Covid 19 pandemic, the Government have announced the provision of a Bounce Back Loan Scheme. The Council’s development and construction companies (ADL and ACL) are eligible for this scheme although, as 100% owned Council companies, the approval of the Shareholder is required to make any borrowings under the specific Shareholder Agreement.
Decision type: Key
Decision status: Approved
Notice of proposed decision first published: 28/05/2020
This decision will be taken under urgency procedures.
Reason for urgency:
This decision is to be made under part 4G Rule 4 of the Council’s Constitution as an urgent decision. This matter is urgent to enable application to the government loan scheme to address the immediate cashflow implications from the Covid-19 restrictions that impact business income.
Decision Type: Key Decision;
Decision due: 28 May 2020 by Council Leader
Lead director: Director Finance - Section 151 Officer
Contact: Andy Rothery, Chief Finance Officer (S151) Email: andy_rothery@bathnes.gov.uk Tel: 01225 477103.
EFP Reference: E3211
Decisions
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