The investment into Bank North Limited
(“Bank North”) is in line with the strategic objectives
of the business investment strategy and the Local Industrial
Strategy and support the key objectives of supporting our globally
competitive strengths and strengthening the foundations of our
economy. Bank North operates in the Financial Services
The Combined Authority gave approval on 25 March 2022 to give delegated authority for the period 26 March 2022 to 26 May 2022 to the Combined Authority Chief Executive and the Combined Authority Treasurer, in consultation with the Portfolio Lead Leader for Investment and Resources, to approve funding requests for projects in the absence of a Combined Authority meeting at the end of April 2022, and approve any urgent variations on amounts and terms for already approved loans.
Any recommendations approved under the delegation will be subject to the usual due diligence processes and will be reported to the Combined Authority at the next available meeting.
Decision type: Key
Reason Key: Expenditure > £500,000;
Decision status: Recommendations Approved
Notice of proposed decision first published: 12/05/2022
Decision due: 12 May 2022 by Chief Executive Officer GMCA & TfGM
Contact: Eamonn Boylan, Chief Executive GMCA & TfGM; Portfolio Lead Chief Executive for Transport; Portfolio Lead Chief Executive for Policy Email: email@example.com Email: Eamonn.firstname.lastname@example.org.