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 icon 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.