Issue - meetings

Report of Councillor David Molyneux, Portfolio Lead for Resources & Investment.

1.      That the funding application for Private White (loan of up to £1,400,000) be approved in order to progress to due diligence.

2.      That authority be delegated to the Combined Authority Treasurer and Combined Authority Monitoring Officer to review the due diligence information in respect of the 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 investment at 1 above.