Decision details

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.