Decision details

This report seeks approval under delegated authority for the award of a loan agreement to Roller Nation Ltd for the value of £370,000 subject to the conditions set out in the report.

The business will use the loan in order to refurbish and fit out of premises to run a roller disco venue including café and bar facilities, creating a minimum of 31 new jobs

OIF will be used specifically for works to the building and fit out including the removal of suspended ceilings and partition walls, demolition and restatement of toilets, installation of sprung floor, building of new kitchen and diner facilities.

Officers’ recommendations have been approved by the Tottenham Programme Delivery Board Chair (Haringey’s Assistant Director of Area Regeneration) on 21 March 2018, following evaluation of a funding application by officers, including the OIF Advisory Group made up of officers from LBH and GLA and circulation to Programme Board.

The recommendation is to award Roller Nation Ltd a loan agreement for the value of £370,000.

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 operational competency of the applicant.