Decision details

LEP Loan to Fresh Pastures Processing Ltd.

In respect of LEP Loan - Fresh Pastures - Decision Point 4 (Full Business Case)

(i)         That the Fresh Pastures loan proceeds through Decision Point 4 and the work commences on Activity 5 (Full Business Case with Finalised costs).

(ii)        That an indicative approval to the total loan value of £0.8m be given, with ultimate approval to the loan being granted once the project has progressed through the Assurance Process to Decision Point 5 (Full Business Case with Finalised Costs).

(iii)       That the approval of the loan agreement at Decision 5 be made through the delegation to WYCA’s Managing Director, subject to the scheme remaining within the tolerances set out above.