Loan to Stockport Homes for Development Scheme (F&R59)
November 4, 2025 Cabinet (Cabinet collective) Key decision 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
...to facilitate the completion of the Hempshaw Lane development, they delegated the approval of two loans totaling £9,206,241 to Stockport Homes Ltd to the Director of Finance, in consultation with the Cabinet Member for Finance & Resources, and delegated authority to the Assistant Director for Governance to implement the resolution.
Full council record
Purpose
The report sets out a request for the approval
of two loans to Stockport Homes Ltd (SHL) relating to the
Hempshaw Lane development.
Content
The Cabinet has
considered a report detailing a proposal to approve two loans to
Stockport Homes Ltd (SHL) relating to the Hempshaw Lane development to the value of
£9,206,241, and has
(1) Delegated the
approval of the two loans for Hempshaw
Lane to the Director of Finance in consultation with the Cabinet
Member for Finance & Resources.
(2) Delegated
authority to the Assistant Director for Governance to do all things
necessary or incidental to the implementation of the abovementioned
resolution.
Alternative options considered
None.
Related Meeting
Cabinet - Tuesday, 4th November, 2025 6.00 pm on November 4, 2025
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 4 Nov 2025 |
| Subject to call-in | Yes |