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Decision details

PROVISION OF A BUSINESS LOAN TO BLACKPOOL AIRPORT OPERATIONS LIMITED

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

The Executive agreed the recommendations as outlined above namely:

 

  1. To authorise the provision of a £1m business loan to Blackpool Airport Operations Limited (BAOL) over a 25 year repayment term towards essential capital investment at Blackpool airport.  

 

  1. To provide authority for the Head of Legal Services to prepare legal documentation for the loan facility.

 

  1. To delegate authority to the Chief Executive and the Business Loans Panel to finalise any legal conditions.

 

Publication date: 24/03/2020

Date of decision: 23/03/2020

Decided at meeting: 23/03/2020 - Executive

Effective from: 28/03/2020

Accompanying Documents: