This report seeks approval under delegated
authority for the award of a loan agreement to Ascendant Leisure
Properties Ltd for the value of £90,000 subject to the
approval of planning permission for change of use.
The business will use the loan to contribute to the design and
build of a state-of-the-art bouldering and climbing centre with
associated gym and cafe in the Tottenham Hale area.
OIF will be used for the fit out of the facility; specifically
constructing the admissions area, café, shop and fitness
gym. The funding will also contribute to other fit out costs such
as the building of shower and changing cubicles and the purchase of
the handholds which are used for making the climbs on the
walls.