The Assistant Director for Regeneration and
Economic
Development agrees to award The Pretty Decent Beer Company Limited
a loan for the value of £110,000.00 (one hundred and ten
thousand pounds) subject to a loan agreement being entered and
evidence of signed lease, approval of appropriate licence(s) and
any planning permission should it be required and evidence of match
funding. It is proposed that a charge of 6.6% interest is applied
to the loan and repayment are made over 60 months with a repayment
holiday of 6 months (i.e., repayments begin at month 7).