Decision details

Greater Manchester Housing Investment Loans Fund - Investment Approval Recommendations

Decision Maker: Greater Manchester Combined Authority

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

1.          That the GM Housing Investment Loans Fund loan detailed in the table below, as detailed further in this and the accompanying Part B report be approved:

 

BORROWER

SCHEME

DISTRICT

LOAN

Blueoak Estates (Manchester) Ltd

Alexander House

Trafford

£11.289m

AH2 Gee Cross Ltd

Rowbotham Street

Tameside

£3.402m

FSG Bolton Moor Lane Developments (One) Ltd

Moor Lane

Bolton

£3.314m

Manchester New Square Limited Partnership

Manchester New Square

Manchester

£26.700m

 

 

2.            That authority be delegated to the GMCA Treasurer acting in conjunction with the GMCA Monitoring Officer to prepare and effect the necessary legal agreements.

 

3.            That the GM Housing Investment Loans Fund loan detailed in the table below, which has been approved by the GMCA Chief Executive acting in consultation with the Portfolio Leader for Place Based Regeneration & Housing under the delegation set out in the GMCA Constitution Part 3 Section F paragraph 3.17 to approve an increase of less than 10% on a GM Housing Investment Loans Fund loan previously approved by the Combined Authority be noted.

 

BORROWER

SCHEME

DISTRICT

LOAN

Splash Developments Ltd

Medlock Road

Oldham

£1.670m

 

Publication date: 03/10/2022

Date of decision: 30/09/2022

Decided at meeting: 30/09/2022 - Greater Manchester Combined Authority

Accompanying Documents: