DD1158 Growing Places Fund Specialist Advice

Type of decision: 
Director's decision
Code: 
DD1158
Date signed: 
05 February 2014
Decision by: 
Fiona Fletcher-Smith, Executive Director of Development, Enterprise and Environment

Executive summary

Up to £120,000 of financial, legal and technical specialist advice is required to support the due diligence and development of Growing Places Fund project proposals for which the GLA is considering providing funding. The specialist advice required will include legal (principally State aid) advice, business case testing and due diligence and development of financial loan instruments. The advice is required to support the development of projects and entry into loan finance arrangements which are compatible with State aid requirements, support the development of robust and deliverable projects and protects the GLA’s interests generally.

 

Part 1: Non-confidential facts and advice