Issue - decisions
Chief Executive and Treasurer GMCA and TfGM Decision Notice - Approval for a loan to Northern Gritstone Limited
16/05/2022 - Chief Executive and Treasurer GMCA and TfGM Decision Notice - Approval for a loan to Northern Gritstone Limited
a) the funding application by Northern
Gritstone (“Northern Gritstone”) (investment of
£1,500,000) be given conditional approval and progress to due
diligence; and
b) delegate 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.