Agenda and minutes

An urgent decision is required of the Leader to provide cash flow support to ensure in the immediate term 420 businesses across all sectors in Stratford Upon Avon continue to be provided with Business Improvement District (BID) support.  In the next few months other towns that contain BID’s may require this short-term support during the Coronavirus emergency which will assist WCC in the immediate retail and town centre economic recovery, indirectly supporting another 800 businesses.

Resolved

That the Leader of the Council:

1.         Supports the provision of short term, interest free cash flow loans to Business Improvement Districts across Warwickshire to be repaid within the 2021/22 financial year and with a total maximum overall lending limit of £120k.

2.         Authorises the Strategic Director for Communities and Strategic Director for Resources to make the loans in accordance with the allocation criteria set out in paragraph 1.7.