URL: https://democracy.spelthorne.gov.uk/ieDecisionDetails.aspx?ID=2448

Decision Maker: Corporate Policy and Resources Committee, Council

Outcome:

Is Key Decision?: Yes

Is Callable In?: No

Purpose:

Content: The Committee resolved to:   1.     Consider and agree the proposed new Debt Rescheduling proposal for implementation during 2025/26 subject to the Chairs of the Business Infrastructure and Growth Committee, the Commercial Assets sub-Committee and the Corporate Policy and Resources Committee being consulted and approving before a re-financing transaction is initiated if PWLB rates movements result in the discount benefit to the Council falling below £320m; and   2.     Recommend that Council approve the Debt Rescheduling proposal for implementation during 2025/26 subject to the Chairs of the Business Infrastructure and Growth Committee, the Commercial Assets sub-Committee and the Corporate Policy and Resources Committee being consulted and approving before a re-financing transaction is initiated if PWLB rates movements result in the discount benefit to the Council falling below £320m.    

Date of Decision: November 11, 2025