Issue - meetings

The Cabinet Member for Community Leadership and Engagement introduced a report on action taken by the Acting Chief Executive on 22 August 2022 in respect of approving a loan and grant to Studio 3 Arts to overcome a shortfall in funding for the redevelopment of the former Galleon Community Centre due to unforeseen cost increases.

Cabinet resolved to note the action taken by the Acting Chief Executive, in accordance with the Urgent Action procedures set out in Part 2, Chapter 16, paragraph 4 and the Special Urgency provision under Part 2, Chapter 17, paragraph 15 of the Council Constitution, in relation to approving a loan of £200,000 and a grant of £156,000, via the Strategic Community Infrastructure Fund levy, to Studio 3 Arts towards the redevelopment of the former Galleon Community Centre, Boundary Road, Barking, into a world class arts centre.