Issue - meetings

Report of Councillor David Molyneux, Portfolio lead for Resources and Investment.

1. That an equity investment of up to £350k to Wi-Q Limited be approved.

2. That an equity investment of up to £1m to SMIDSY Ltd (trading as “Beryl”) be approved.

3. That a loan novation of up to £12.95m to Chancerygate (Erdington) Ltd be approved.

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