Decision details

This report seeks approval under delegated authority for the award of a loan agreement to Don & Son Ltd. t/a Loven Presents for the value of £38,000.

The business will use the loan in order to provide an independent café/bakery/events space, providing a lunch and bread delivery service and a mobile catering service.

OIF will be used specifically for the purchase of equipment and appliances, furniture and signage and equipment for the new delivery and mobile catering services.

Officers’ recommendations have been approved by the Chair of the Tottenham Programme Delivery Board on 6 September 2017, following evaluation of a funding application by officers, including the OIF Advisory Group made up of officers from LBH and GLA.

The agreement is for the value of £38,000.

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