Issue details

Loan to Torbay Coast and Countryside Trust (TCCT)

Council decision required on the provision of a long term loan to the Torbay Coast and Countryside Trust (TCCT) to support their financial recovery plan.

Decision type: Key

Reason Key: High level of public interest;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 21/04/2015

Decision due: 1 Jun 2015 by Council

Lead member: Elected Mayor

Lead director: Head of Financial Services

Contact: Martin Phillips Email: martin.phillips@torbay.gov.uk.

Consultation process

Meetings and circulation of papers.

Consultees

Members of the Council.

Reason for inclusion in Forward Plan: Support the on-going operation of the Torbay Coast and Countryside Trust in the long term.

Key Risks: There is a risk that the loan will not repaid in future so will incur costs to Torbay Council.

If you want to make representations contact:: Martin Phillips, Chief Accountant, Torbay Council, Town Hall, Castle Circus, Torquay, email martin.phillips@torbay.gov.uk, telephone (01803) 207294

Agenda items