Decision details

Award of a SME Growth Fund Grant to Local Marketing Team Ltd

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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 of a SME Growth Fund grant to Local Marketing Team Ltd, a company in Elmstead Market.

Decision:

To award a grant of £37,500 to The Local Marketing Team Ltd, a company in Elmstead Market, from the Council’s SME Growth Fund.

Reasons for the decision:

The Local Marketing Team Ltd 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:

The Local Marketing Team Ltd met all eligibility criteria in order to submit a full application. Alternative options would have been to refuse the grant or to reduce the amount offered.