Issue details

Amendment to Loan Facility - KEY/09DEC19/05

The Cabinet Member:


1.    Approved the amendment of the terms of the Strategic Partnership with Empower Community Management LLP

2.    Approved the amendment of the financing agreement with ECS Peterborough 1 LLP

3.    Approved the Council entering into such further agreements with ECS Peterborough 1 LLP and any other body necessary to facilitate the arrangements set out in this report.

4.    Delegated to the Corporate Director, Resources and Director of Law and Governance the ability to finalise matters 1 to 3 above.


Decision type: Key

Reason Key: Expenditure or savings greater than £500,000;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 08/11/2019

Decision due: Not before 4th Feb 2020 by Cabinet Member for Finance

Lead member: Councillor David Seaton, Cabinet Member for Finance

Lead director: Acting Corporate Director for Resources

Department: Resources

Contact: Peter Carpenter, Acting Corporate Director Resources Tel: 01733 452520; Email: Tel: 07920 160122.

Consultation process

Detailed consultation was undertaken in the original decision to offer the loan facility

Relevant Scrutiny Committee: Growth, Environment and Resources Scrutiny Committee