Decision details

The Cabinet will be asked to consider making a grant of £25,000 from previously allocated funding to Bury Town Football Club, together with approving a loan request from the club of £25,000 in accordance with the Council’s loans policy.

RESOLVED

That:

(1)     subject to planning permission, an investment of £50,000 be made into the Ram Meadow site, Bury St Edmunds to enable Bury Town Football Club to progress the building of a new clubhouse;

(2)     a virement of £50,000 be made from the allocated Capital Programme for the Bury Community Football projectto fund this investment, as outlined in Section 2.6 of Report No: CAB/SE/16/020; and

(3)     the £50,000 investment be made via a capital grant to Bury Town Football Club and be subject to the agreement of a new 5 year lease (with a 3 year break clause) on the site with a revised annual rent of £6,800, as outlined in Sections 2.1 and 2.2 of Report No: CAB/SE/16/020.