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Appendix 1 of this report is not for publication as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
True Swing Ltd of £300,000 towards the redevelopment costs
associated with expanding the Par 59 business at 65-74 St Mary
Street, subject to pre-conditions being satisfied set out in the
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.