Content

Appendix 1 of this report are not for publication as
they contain exempt information of the description contained in
paragraphs 14 of part 4 and paragraph 21 of part 5 of Schedule 12A
of the Local Government Act 1972.
 
 
AGREED:
thatCardiff Council offers a
town centre loan to CTQ Ventures Ltd of £600,000 towards the
purchase and redevelopment costs associated with 32 Windsor Place,
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.