This report seeks approval for financing Dalton Bridge.

The subject of the decision:

This report sought approval for financing Dalton Bridge.

Alternative options considered:

None.

The reason for the decision:

Cabinet was satisfied that approval of the funding would be essential in the delivery of the project.

THE DECISION:

That Cabinet approves and recommends to Council that a secured loan of up to £1.5m on commercial terms be offered to the businesses comprising the Business Improvement District at Dalton.