Issue - meetings

Report No: CAB/FH/15/020

Cabinet Member: Stephen Edwards           Lead Officer: Rachael Mann

RECOMMENDED TO COUNCIL:

The Policy for Granting Loans to External Organisations, as set out in Appendix 1 to Report No CAB/FH/15/020, be adopted.

(Report No CAB/FH/15/020)

The Cabinet Member for Resources, Governance and Performance presented this report, which explained that the Council had provided loans to external organisations for a number of reasons, including promotion of economic development and enhancement of sports, leisure or community facilities within the district.  At present, there was no set criteria or policy for the granting of these loans, as each proposed, was judged on its own merits.

The proposed Policy (as set out at Appendix 1) was based on a similar policy adopted by St Edmundsbury Borough Council (SEBC), following extensive research of policies operated by other local authorities, advice from an expert in the field and scrutiny by SEBC’s Overview and Scrutiny Committee.

The adoption of this Policy would support the Council in the adoption of suitable risk-based policy, to which Councillors could refer when considering any future loan application.

With the vote being unanimous, it was

RECOMMENDED TO COUNCIL:

That the Policy for Granting Loans to External Organisations, as set out in Appendix 1 to Report No CAB/FH/15/020, be adopted.