Decision Maker: Cabinet
Decision status: Recommendations Approved (subject to call-in)
Is Key decision?: No
Is subject to call in?: Yes
Cabinet considered an exempt report of the Director of Corporate Resources regarding Farnborough International Limited.
With reference to the exempt report, the context of the cancellation of this year’s airshow and the consequential financial pressure was outlined to Cabinet. It was confirmed that any adjustments to the loan repayment to the County Council would still result in full repayment.
Cabinet noted the pressures on the aviation industry and that an adjustment to the loan repayment timetable would assist with the viability of the airshow and therefore be of benefit to the wider north-Hampshire economy.
The recommendations in the report were considered and agreed. A decision record is attached to these minutes.
Publication date: 15/05/2020
Date of decision: 15/05/2020
Decided at meeting: 15/05/2020 - Cabinet
Date comes into force if not called in: 23/05/2020
Call-in deadline date: 22/05/2020
Accompanying Documents: