Decision details

Decision Maker: Leader

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes


Decision required regarding the revised terms of the repayment schedule due to impacts of Covid19


The Leader AGREED:


That the negotiated terms of the repayment of the Council loans to Silverstone Heritage Limited are accepted:


Term of agreement 18 years (previously 7 years)




5% from start of loan to 31st May 2020 (no change)


2.5% 1st June 2020 to 31st December 2022 (no change)


3.0% for January-December 2023, 2024 & 2025 (was 5%)


5.0% for January-December 2026-2040 (5% for the extended term)

Contact: Richard Ambrose, Section 151 Officer Email:

Publication date: 17/06/2022

Date of decision: 17/06/2022

Effective from: 23/06/2022

Accompanying Documents: