Issue - meetings

A number of voluntary bodies within Surrey are approaching the County Council seeking financial support, especially in the form of loans, to enable them to find a cost effective way of providing services to residents in Surrey.

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.