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.