Decision details

This report seeks approval under delegated authority for the award of a loan to SHL Film
•work with local colleges and training institutions to offer work experience placements;
•create 25,000 sq ft of high quality workspace;
•provide £400,000 match funding

Officers’ recommendation was approved by the PVF Advisory Group on 16th June 2021 meeting following evaluation of a funding application by officers and review and assessment by an independent external agency.
The recommendation is to award ‘SHL Film and TV Limited’ a loan for the value of £395,803,000

This project has been recommended for approval based on the evaluation of an application and business plan solicited through an open bidding round.
The evaluation process is set out in the application pack and assesses applicants’ proposals on the contribution to core criteria of the fund, LBH’s strategic objectives as set in the Economic Priorities of Haringey’s Borough Plan and the financial and operation competency of the applicant.
Not offering this loan to the applicant will result in the company delaying and scaling down it operation. The company needs to grow to meet the demand for its products and services. The film and tv sector are experiencing a period of rapid growth and failure to meet these demands will lead to prospective customers look elsewhere to access these services. Such a situation will be detrimental to the regeneration of the area and will undermine the efforts of the cross borough partnership and the Upper Lee Valley Productive Valley Strategy and Opportunity Area Planning Framework