Decision details

Award of a SME Growth Fund Grant to Direct Solutions

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Decision Maker: Business & Economic Growth Portfolio Holder

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Award a SME Growth Fund Grant to Direct Solutions, a company in Clacton-on-Sea.

Decision:

To award a grant of £50,000 to IT Solutions Services (T/A Direct Solutions), a company in Clacton-on-Sea, from the Council’s SME Growth Fund.

Reasons for the decision:

Direct Solutions applied to the SME Growth Fund, followed the application process and the application was put before the SME Growth Fund Grant Panel and approved.

Alternative options considered:

Direct Solutions met all eligibility criteria in order to submit a full application to the Fund. Alternative options would have been either to refuse the grant or to reduce the amount offered.