Decision details

Boom Credit Union - Application for Financial Assistance EXE19-068

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To determine the grant application.

Decisions:

The Executive received an application for funding from Boom Credit Union.  Following a question it was noted that there were no plans to relocate the Credit Union once its existing unit was no longer available following the Sheerwater Regeneration Scheme.  Councillor Forster stated that it would be beneficial for the Credit Union to continue to be available in Sheerwater or an alternative priority area.  Ray Morgan added that Boom Credit Union would be invited to a meeting of the Sheerwater Regeneration Delivery Board to provide a presentation on its work and plans going forward in the area.

RESOLVED

That a grant of £12,400 be awarded to assist with the costs of the Sheerwater Office.

Reason:   To continue to support the service for the benefit of the residents of the Borough of Woking.

Recommend to Council?: No;

Consultees

Cllr Azad, Portfolio Holder.
Internal Officers.

Contact: Doug Davern, Democratic Services Officer Email: Doug.Davern@woking.gov.uk.

Report author: Doug Davern

Publication date: 17/03/2020

Date of decision: 27/02/2020

Decided at meeting: 27/02/2020 - Executive

Accompanying Documents: