Decision details

MEMBERSHIP OF THE PROPOSED SCOTTISH LOCAL AUTHORITY BUSINESS LOAN FUND

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decisions:

A report which outlined the options for Argyll and Bute regarding membership of the proposed Scottish Local Authority Business Loan Fund was considered.

 

Decision

 

The Committee –

 

1.    Endorsed the proposal to join the Scottish Local Authority Business Loan Fund.

 

2.    Confirmed approval for Argyll and Bute’s allocation of funds within the West of Scotland Loan Fund (currently £183,702) to be transferred to the Scottish Local Authority Business Loan Fund.

 

3.    Endorsed the estimated demand for loans over the initial three year period at £300k.

(Reference:  Report by Executive Director – Development and Infrastructure Services dated March 2015, submitted)

Publication date: 25/03/2015

Date of decision: 19/03/2015

Decided at meeting: 19/03/2015 - Policy and Resources Committee

Accompanying Documents: