Decision details

Kent Savers Credit Union

Decision Maker: Cabinet Member for Communities, Health and Community Safety

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

(Report of Management Team)

 

The report explained the background to the deferral of consideration of a request by Kent Savers for financial support of £10,000 to enable further investigation of a number of issues.  An update was given on how residents of Tonbridge and Malling would benefit and the means by which Kent Savers would work with local churches.  The legal position in respect of the State Aid Regulations was also clarified and it was confirmed that while the de minimis exemption would apply to an unconditional grant, there would be risk attached to providing a loan.

 

A report back in 6 – 12 months was requested on activity in Tonbridge and Malling following the award of grant.

 

Following consideration by the Communities and Health Advisory Board, the Cabinet Member for Communities, Health and Community Safety resolved that the request for financial support of £10,000 to Kent Savers be approved in the form of an unconditional grant and be funded from the balance on the Community Enhancement Fund.

 

Publication date: 10/10/2014

Date of decision: 08/10/2014

Decided at meeting: 08/10/2014 - Communities and Health Advisory Board

Effective from: 18/10/2014

Accompanying Documents: