URL: https://democracy.newark-sherwooddc.gov.uk/ieDecisionDetails.aspx?ID=1126

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose:

Content: That Cabinet approve:   a)       the additional £13,591,929 to be added to the Capital programme, making a total capital budget of £25m;   b)       the variation to the Facility Agreement to accommodate the power to vary the agreement and the extension to the cap on the facility from £12m to £25m; and   c)        subject to the subsidy control advice, to delegate responsibility to the Portfolio Holder for Strategy, Performance & Finance to amend the Facility Agreement to ensure the agreement remains subsidy control compliant.

Date of Decision: January 20, 2026