Decision details

This report was approved under delegated authority for the award of a loan agreement to The High Cross London Ltd for the value of £72,000 subject to the approval of license, lease and planning permission.
The business will use the loan in order to refurbish the property to operational standards and to purchase new equipment. Works include the installation of essential services, seating, new windows, bar/coldroom, kitchen, toilet and interior and exterior lighting and signage

Officers’ recommendations approved by the Tottenham Programme Delivery Board on 11 May 2017, following evaluation of a funding application by officers, including the OIF Advisory Group made up of officers from LBH and GLA.
The recommendation is to award The High Cross London Ltd a loan agreement for the value of £72,000 subject to the approval of license, lease and planning permission.

The project was 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, strategic objectives as set out in the Tottenham Strategic Regeneration Framework and the financial and operation competency of the applicant.