Decision details

1.            That the loan facility of up to £3 million to Romaco Limited be approved.

2.            That the loan facility of up to £3.5 million to Evergreen House Limited be approved.

3.            That the follow-on investment into Bankifi Limited of up to £350,000 be approved.

4.            That authority be delegated to the GMCA Treasurer and GMCA Monitoring Officer to review due diligence information in respect of the above loans, and, subject to their satisfactory review and agreement of the due diligence information and the overall detailed commercial terms of the loans/investment, to sign off any outstanding conditions, issue final approvals and complete any necessary related documentation in respect of the loans/investment noted above.