Decision Maker: Greater Manchester Combined Authority
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
1. That the funding application for Broughton House – Veteran Care Village (loan of up to £2,000,000) be approved and progressed to due diligence.
2. That authority be delegated to the GMCA Treasurer and GMCA Monitoring Officer to review the due diligence information in respect of the above company, and, subject to their satisfactory review and agreement of the due diligence information and the overall detailed commercial terms of the transaction, to sign off any outstanding conditions, issue final approvals and complete any necessary related documentation in respect of the loan noted above.
3. That it be noted that the loan to Manchester Science Partnerships Limited was agreed under delegated authority.
Publication date: 01/06/2021
Date of decision: 28/05/2021
Decided at meeting: 28/05/2021 - Greater Manchester Combined Authority
Effective from: 08/06/2021