Decision details

The Committee gave consideration to a report requesting approval for amendments to be made to the Articles of Association for Business Loans Scotland and to progress the procedure to withdraw appropriate resources from Business Loans Scotland, up to a total of £50k, to be returned to Argyll and Bute Council’s Business Gateway Service to be used for ‘SME development activities’.

Decision

The Policy and Resources Committee –

1.    Approved the change to the Business Loans Scotland Articles of Association.

2.    Provided delegated authority to the Economic Growth Manager, Director of Business Loans Scotland to advise the Business Loans Scotland Board of this decision and to complete any necessary paperwork to be signed, with the Head of Development and Economic Growth, to withdraw the Phase 1 match funding.

(Reference:  Report by Executive Director with the responsibility for Development and Economic Growth dated August 2019, submitted)