Full approval of Preformed Windings and award of £2m grant/loan (inclusive of £0.329m development grant).
May 20, 2026 Section 73 Officer (Officer) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
Section 73 Officer Gareth Sutton approved the recommendation for Preformed Windings on 20/05/2026. This decision grants full approval and awards a £2m grant/loan to Preformed Windings Ltd. The decision includes a £1m grant and a £1m loan.
Full council record
Purpose
On 27th January 2026 the MCA Board Delegated authority to the Head of Paid Service, in consultation with Mayor Oliver Coppard in his position as Portfolio Lead for Economic Growth, Section 73 and Monitoring Officer for progression of the project to full approval and award of c£2m loan/grant to Preformed Windings Ltd.
On 18th March 2026 the SYMCA Investment Board recommended approval of the Business Justification Case, in line with delegated authority.
Full approval was provided on 21st April 2026 via written procedures.
Decision
Option 1 – Approve the recommendation
Alternative options considered
1. Approve the recommendation
2. Reject the recommendation
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 20 May 2026 |