Issue - meetings
Coronavirus Business Interruption Loan Scheme - CWLEP Funding
Meeting: 23/10/2020 - Portfolio Holder Decisions/Leader Decisions (Item 1)
1 Coronavirus Business Interruption Loan Scheme - CWLEP Funding PDF 243 KB
Additional documents:
Minutes:
Resolved
That the Leader of the Council:
· Approves the County Council entering into an agreement with Coventry City Council to re-purpose £1 million of Coventry and Warwickshire Local Enterprise Partnership (CWLEP) funding for the provision of the Coronavirus Business Interruption Loan Scheme (CBILS) in Warwickshire.
· Approves the County Council entering into a loan agreement with Coventry and Warwickshire Reinvestment Trust Limited (CWRT) for the on-lending of the CWLEP funding to businesses based in Warwickshire.
· Authorises the Strategic Director for Communities to negotiate, and enter into, all relevant agreements on terms and conditions acceptable to the Strategic Director for Resources.