Meeting documents

BCC Cabinet Member Decisions
Friday, 24th May, 2019

Decision details

Extending the term on a £10k Loan to Swan Credit Union (Decision to be taken)

Decision Maker: Cabinet Member for Community Engagement and Public Health, Cabinet Member for Resources

Decision status: Recommendations approved

Is Key decision?: Yes

Purpose:

In 2014 Buckinghamshire County Council provided Swan Credit Union with a £10,000 subordinated loan at 0% interest, repayable at the end of a 10 year period, as part of a programme of support.

A decision is sought to extend the term of the interest free loan of £10,000 to Swan Credit Union for a further 5 years (to 2029).

Decision:

Recommendation

 

Buckinghamshire County Council to extend the term of the existing £10,000 subordinated loan to Swan Credit Union Ltd at 0% interest for a further 5 years (repayable by 1 April 2029).

 

Publication date: 16/05/2019

Date of decision: 24/05/2019

Accompanying Documents: