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PROVISION OF A BUSINESS LOAN- BLACKPOOL AIRPORT

 

 

24/03/2020 - PROVISION OF A BUSINESS LOAN TO BLACKPOOL AIRPORT OPERATIONS LIMITED

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.