RES 5551 - Staindrop Church of England Primary School - School Loans Scheme (Table 7 Paragraph 25) (Part A)
January 24, 2025 Corporate Director of Resources (Officer) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to approve a £22,000 loan for Staindrop Church of England Primary School, repayable over 7 years with annual repayments of £3,887 funded by energy cost savings from solar panels.
Full council record
Content
Staindrop Church of
England Primary School has applied for a loan of £22,000,
repayable over 7 years. Annual repayments of the loan would be
£3,887, which would be funded from savings on energy costs
arising from installation of solar panels.
The loan application
complies with the school loan scheme approved by Cabinet on 19
January 2022, includes support from Education, the Low Carbon Team.
The loan can be accommodated in terms of the financial position of
the school.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 24 Jan 2025 |