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PROVISION OF A BUSINESS LOAN TO BLACKPOOL TEACHING HOSPITALS NHS FOUNDATION TRUST

 

 

Meeting: 21/05/2018 - Executive (Item 3.)

3. PROVISION OF A BUSINESS LOAN TO BLACKPOOL TEACHING HOSPITALS NHS FOUNDATION TRUST pdf icon PDF 108 KB

Additional documents:

Decision:

The Executive agreed the recommendations as outlined above namely:

 

  1. To authorise the provision of a £27,100,000 plus fees loan over a 25-year repayment period to the Foundation Trust, on the terms outlined in Paragraph 5.4.

 

  1. To delegate to the Director of Resources the approval of any further detailed terms for the provision of the loan.

 

  1. To authorise the Council’s Deputy Head of Legal Services to draw up and enter into a suitable legal agreement with the Foundation Trust.