Decision details

Landguard Engineering Ltd. - Award of SME Growth Fund Grant

Decision Maker: Business & Economic Growth Portfolio Holder

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To decide whether to award a grant from the SME Growth Fund to Landguard Engineering Ltd., an established company in Harwich.

Decision:

To award a grant of £65,000 from the SME Growth Fund to Landguard Engineering Ltd.

Reasons for the decision:

The application submitted by Landguard Engineering Ltd. met all eligibility criteria in order to submit a Full application to the Fund. The application was thereupon put before the SME Growth Fund Panel and three of the four votes returned were in favour of awarding grant funding. Therefore the application was granted in full.

Alternative options considered:

Either to refuse the application or to reduce the amount of the grant awarded.

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: