Decision details

Award of a Grant to Samuel Brothers Ltd from the SME Growth Fund

Decision Maker: Business & Economic Growth Portfolio Holder

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To consider whether to award a grant to Samuel Brothers Limited from the Council’s SME Growth Fund.

Decision:

To award a grant of £57,510 to Samuel Brothers Limited, an established company in Harwich, from the Council’s SME Growth Fund.

Reasons for the decision:

The company met all the eligibility criteria in order to submit a Full Application to the Fund. The application was put before the SME Growth Fund Grant Panel and all three votes returned were in favour of approving the grant in full.

Alternative options considered:

Either to refuse the grant or to reduce the amount offered.

Interests and Nature of Interests Declared:

None

Publication date: 22/07/2019

Date of decision: 19/07/2019

Effective from: 30/07/2019