Decision details

That Cabinet approves funding from reserves to take forward a pilot arrangement to include:

·         £50k to establish the MMT support office;

·         a capability for the Investment Committee to authorise secured interest bearing loans of up to £25k to pre-revenue stage target companies who locate to MMT;

·         a capability for the Investment Committee to make investments in target companies that come through MMT where appropriate; and,

·         a £50k one off fee to the Council’s MMT partner.