Issue details

Short-Term Bridging Loan To Support Employee-Led Mutual

To establish a credit facility of up to £500,000 to be made available to the newly-established Employee-Led Mutual (3BM) as part of the Cabinet Office’s pathfinder programme into developing new ways of delivering public services, to be fully repayable by 31st July 2013.

 

Decision type: Key

Reason Key: Expenditure/Income over £5m & policies or new income, reserves use, overspend over £300K;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 03/04/2013

Report access: Open;

Decision due: 13 May 2013 by Cabinet

Lead member: Cabinet Member for Children and Education (expired July 2024)

Department: Children's Services Department

Contact: Dave McNamara, Director for Finance and Resources Email: david.mcnamara@lbhf.gov.uk.

Reason No Public Access: PART OPEN PART PRIVATE Part of this report is exempt from disclosure on the grounds that it contains information relating to the financial or business affairs of a particular person (including the authority holding that information) under paragraph 3 of Schedule 12A of the Local Government Act 1972, and in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

Documents

  • Short-Term Bridging Loan To Support Employee-Led Mutual  

Background papers

  • none