Purpose

To receive a report on Investment Debt
Repayment and Standstill 2025-26 and 2026-27.

Content

It
was resolved that

(i)     it
be noted that the Council will be requesting Exceptional Financial
Support for 2026/27 and this request will incorporate the interest
and minimum revenue provision costs in relation to the loans made
to the company and the debt standstill and debt sweep contained
within the report;

(ii)    a
2026/27 financial year investment debt repayment standstill on the
Council’s investment loans to Victoria Square Woking Limited
be approved (subject to the conditions and caveats set out in the
report and subject to confirmation of Exceptional Financial Support
from central government) for the financial year 2026/27 as set out
in recommendation (i); and

(iii)    the
findings in the Part II report set out under Agenda Item 15 of the
Executive agenda titled Investment Debt Repayment and Standstill
2025-26 and 2026-27 be noted.