Decision Maker: Council, Executive

Outcome: Recommendations approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: December 11, 2025

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.