Opportunity Kensington; King's Road and Knightsbridge Business Improvement Districts Bridging Loans KD1014051
June 4, 2026 Lead Member for Business and Communities (Other) Key decision Awaiting outcome 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
The Lead Member for Finance and Property decided to approve short-term bridging loan support for Opportunity Kensington Ltd and new short-term bridging loans for West Central BIDs Ltd (representing Knightsbridge and King's Road BIDs) on 4 June 2026. This decision was made to manage cashflow pressures caused by delayed BID levy income. The Council will enter into loan agreements with both entities to facilitate these loans.
Supporting Documents
Details
| Reference | Call-ins0 |
| Outcome | For Determination |
| Decision date | 4 Jun 2026 |
| Effective from | 20 Jun 2026 |
| Expected date | 27 May 2026 |
| Originally due | 27 May 2026 |
| Lead officer | Juli Browne |
| Subject to call-in | Yes |