Decision details

To agree a loan for the Young Epilepsy Education Resource Centre.

1.    That financial assistance be provided to Young Epilepsy  in the form of an interest free loan of £800,000, for a period of up to five years, subject to satisfactory financial and legal due diligence, with repayments in three equal instalments due on 31 December 2017, 31 December 2018 and 31 December 2019 .

2.    That financial assistance be provided to the Surrey Community Association in the form of an interest free credit facility up to £200,000 for a period of two years, subject to satisfactory financial and legal due diligence.

3.    That officers develop a standard approach to agreeing financial assistance to the voluntary, community and faith sector in Surrey to align with existing policies on grants and report back to the Cabinet.