Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Cabinet resolved to:
(i) Note the projected revenue outturn forecast for the 2020/21 financial year as set out in sections 2 to 4 and Appendix A of the report and the potential impact on the reserves position as set out in section 7 of the report;
(ii) Note the update on key savings programmes, as set out in section 5 of the report;
(iii) Note the update on the impact of COVID-19 and the lockdown, as set out in section 6 and 7 of the report; and
(iv) Approve an additional capital loan facility of up to £2.769m to B&D Energy to bridge the funding gap in relation to Energy tenders as set out in section 9 of the report and, subject to the condition that any third party funding secured reduces the loan amount required by the full funding amount.
Report author: Philip Gregory
Publication date: 20/01/2021
Date of decision: 19/01/2021
Decided at meeting: 19/01/2021 - Cabinet
Effective from: 28/01/2021
Accompanying Documents: