Decision Maker: Greater Manchester Combined Authority
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
1. That the loan facility of up to £650,000 to FM Outsource Limited be approved.
2. That authority be delegated to the GMCA Treasurer and GMCA Monitoring Officer to review the 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.
3. That authority be delegated to the Chief Executive Officer, TfGM & GMCA, and GMCA Treasurer, in consultation with the Portfolio Lead for Investment and Resources to approve projects for funding and agree urgent variations to the terms of funding in the period 30 July 2022 to 29 September 2022.
Publication date: 01/08/2022
Date of decision: 29/07/2022
Decided at meeting: 29/07/2022 - Greater Manchester Combined Authority
Effective from: 09/08/2022