Content

Appendix 1 of
this report is not for publication as it contains exempt
information of the description in paragraph 14 of Part 4 and
paragraph 21 of part 5 of Schedule 12A of the Local Government Act
1972.
 
 
AGREED:
that Cardiff Council offers a town centre
loan to West Bute Holdings Ltd of £350,000 towards the
purchase and redevelopment costs associated with 36-37 West Bute
Street, Butetown, subject to pre-conditions set out in the due
diligence report at Appendix 1 being satisfied and completion of
legal agreement.
 

Reasons for the decision

The reason for the recommended
decision is the creation of new job opportunities through the
formation of new businesses, the growth
and development of indigenous businesses and the attraction of
inward investment is a key priority of the County Council’s
Economic Development Plan. One of the ways this has been achieved
is through provision of financial assistance to new start and
existing businesses located within Cardiff.