Decision Maker: Greater Manchester Combined Authority
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
1. That the Greater Manchester Housing Investment Loans Fund loans detailed in the table below, as detailed further in this and the accompanying Part B report be approved.
BORROWER |
SCHEME |
DISTRICT |
LOAN |
Capital & Centric (Cocoon) Ltd |
Farnworth Green |
Bolton |
£12.563m |
CitiHaus 7 Ltd |
The Highline |
Trafford |
£12.261m |
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 variations to the terms of various GM Housing Investments Loans Fund loans detailed in the table below which have been approved by the GMCA Chief Executive under delegated authority, as detailed further in this and the accompanying Part B report be noted.
BORROWER |
SCHEME |
DISTRICT |
LOAN |
Well Built Homes Ltd |
Hebron Street |
Oldham |
£0.810m |
Splash Contracts Ltd |
Medlock Road |
Oldham |
£1.600m |
Jubilee Way Estates Ltd |
Bury Magistrates Court |
Bury |
£4.344m |
GJS (Blade) Investments Ltd |
The Blade |
Manchester |
£32.438m |
AH2 Gee Cross Ltd |
Rowbotham Street |
Tameside |
£2.677m |
Publication date: 30/05/2023
Date of decision: 26/05/2023
Decided at meeting: 26/05/2023 - Greater Manchester Combined Authority
Effective from: 07/06/2023
Accompanying Documents: