URL: https://barnet.moderngov.co.uk/ieDecisionDetails.aspx?ID=9860

Decision Maker: Executive Director Growth

Outcome:

Is Key Decision?: Yes

Is Callable In?: No

Purpose:

Content: To amend the existing Loan Facility Agreement in order to fix the loan rate of the £70 million Loan Facility to 5.75% for the remaining draw down against the loan facility by TBG Open Door Limited.   To amend the £31.5 million existing Grant Agreement, to (i) replace £12.447 million of allocated RTB capital receipts with the Year 1 allocation (2026-2027) of the recently awarded LAHF Round 4 grant funding and (ii) to confirm re-allocation of £2.090 million of LAHF Round 1 grant as an addition to the grant agreement, bringing the amended Grant Agreement to a total value of £33.590 million.   To enter into Deeds of Variations to the Loan Facility Agreement and Grant Agreement to formalise the changes set out in decisions 1. and 2.

Date of Decision: July 1, 2026