Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: January 13, 2026

Purpose:

Content: The Cabinet had before it a report * from the Deputy Chief Executive (S151) to consider an additional long-term loan to the Redlands Primary Care in Crediton.     RESOLVED that:   Delegated authority be granted to the Deputy Chief Executive (S151) to top-up c£70k of the original loan taking the outstanding balance back to the original £2.175m. An additional loan to the GP Practice of £150k be APPROVED. Both loans are repaid by June 2048 on an annuity basis at a commercially fixed interest rate, subject to the completion of legal due diligence and documentation be APPROVED.   Note: *Report previously circulated