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This report seeks approval under delegated
authority for the award of a loan to Blackhorse Lane Atelier
Limited in the sum of £120,000.00 (one hundred and twenty
thousand pounds) for the purpose of the expansion of the current
business at 114B Blackhorse Lane, E17 6AA, and the purchase of a
new industrial denim washing facility (the first in the UK) to
provide services to the fashion industry in the UK. The business
has partnered with University of Arts London (UAL) and has been
awarded £88,682.00 grant by UAL to undertake research and
development and offer training opportunities to its students. The
company and UAL will also carry out research into a more
sustainable laundering and washing aesthetic.

The proposed expansion of the business will take place by
refurbishing and bringing back to use an underused section of the
current premises and creating an extra 1800 sqft workspace to house
an industrial denim washing machine and other associated
machineries.

The project will:
• create 16 jobs across the term of the loan,
• create 5 apprenticeship placements across the term of the
loan,
• create work experience and training opportunities for UAL
students,
• create an extra 1800 sqft of employment space