Decision details

Dura Composites Ltd. - Award of SME Growth Fund Grant

Decision Maker: Business & Economic Growth Portfolio Holder

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To decide whether to award a grant from the SME Growth Fund to Dura Composites Ltd., an established company in Clacton-on-Sea.

Decision:

To award a grant of £150,000 from the SME Growth Fund to Dura Group (on behalf of Dura Composites Ltd.).

Reasons for the decision:

The application submitted by Dura composites Ltd. met all eligibility criteria in order to submit a Full Application to the Fund. The application was put before the SME Growth Fund Panel and all four votes returned were in favour of approval. Therefore the application was granted 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: 19/09/2019

Date of decision: 17/09/2019

Effective from: 27/09/2019

Accompanying Documents: