This report seeks approval from Corporate Director of Resources to write off £68m from the loan book with Brick-by-Brick Croydon Ltd. The approval was delegated within the February 2024 Cabinet report under Recommendation 2.5 and the write off is within the delegated limit.
Decision type: Key
Reason Key: Expenditure > £1,000,000;
Decision status: For Determination
Wards affected: (All Wards);
Notice of proposed decision first published: 02/07/2024
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
Information relating to the financial or business affairs of any particular person (including the authority holding that information)
Decision due: Not before 31st Jul 2024 by Corporate Director of Resources (Section 151)
Lead member: Executive Mayor
Lead director: Corporate Director of Resources (Section 151)
Department: Resources Directorate
Contact: Nish Popat, Interim Head of Corporate Finance Email: nish.popat@croydon.gov.uk Email: nish.popat@croydon.gov.uk.