Arkwood Loan Facility Agreement (Key Decision)

January 20, 2026 Cabinet (Cabinet collective) Key decision Approved View on council website

This 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

...approve an additional £13,591,929 to the capital programme, bringing the total to £25m, and vary the Arkwood Loan Facility Agreement to extend its cap from £12m to £25m, with the Portfolio Holder delegated to make subsidy control compliant amendments.

Full council record

Decision

That Cabinet
approve:
 
a)      
the additional £13,591,929 to be added to the
Capital programme, making a total capital budget of
£25m;
 
b)      
the variation to the Facility Agreement to
accommodate the power to vary the agreement and the extension to
the cap on the facility from £12m to £25m;
and
 
c)       
subject to the subsidy control advice, to delegate
responsibility to the Portfolio Holder for Strategy, Performance
& Finance to amend the Facility Agreement to ensure the
agreement remains subsidy control compliant.

Related Meeting

Cabinet - Tuesday, 20th January, 2026 6.00 pm on January 20, 2026

Supporting Documents

20.01.26 - Arkwood Facility Agreement.pdf

Details

OutcomeRecommendations Approved
Decision date20 Jan 2026
Subject to call-inYes