Issue details
Amendments to Development Facility Loan Agreement for Aequus Construction Ltd and Aequus Developments Ltd (WL)
Some amendments are required to the
Council’s Development Facility Loan Agreement for the
Council’s wholly owned housing company:
• to update the market rate of interest rate to take into
account the UK subsidy control framework
• to update the total loan commitment amount 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
• to reaffirm the delegation of future decisions on the loan
agreements and the granting of specific loans to Aequus to the S151
Officer and CX in consultation with the Cabinet Member for
Resources and the Cabinet Member for Built Environment, Housing and
Sustainable Development
Decision type: Key
Reason Key: Significant Financial Impact;
Decision status: Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 30/06/2025
Decision Type: Key Decision;
Decision due: Not before 16th Aug 2025 by Cabinet Member for Resources
Lead director: 151 Officer
Contact: Gary Adams, Head of Financial Management Email: Gary_Adams@bathnes.gov.uk Tel: 01225 477107.
EFP Reference: E3631
Decisions
- 27/08/2025 - Amendments to Development Facility Loan Agreement for Aequus Construction Ltd and Aequus Developments Ltd (WL)
Documents
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