URL: https://democracy.durham.gov.uk/ieDecisionDetails.aspx?ID=29089

Decision Maker: Corporate Director of Resources

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: Consett Infant School have applied for a loan of £10,443, repayable over 7 years.  Annual repayments of the loan would be £1815.24, which would be funded from savings on energy costs arising from replacement of the existing lighting with LED lighting.  The loan application complies with the school loan scheme approved by Cabinet on 19 January 2022, includes support from Education, the Energy and Sustainability Team.  The loan can be accommodated in terms of the financial position of the school.

Date of Decision: March 30, 2026