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.