Issue - meetings

(i)       to instruct the Chief Officer – Finance to request that Transition Extreme submit a copy of their updated Business Plan by 31 March 2020; and

(ii)      to agree to delegate authority to the Chief Officer – Finance, in consultation with the Convener and the Chief Officer - Governance, to arrange an extension of the guarantee, for the amount outlined in the report, for the  period from 1 January 2020.

With reference to article 47 of the minute of meeting of the Finance, Policy and Resources Committee of 9 March 2017, the Committee had before it a report by the Director of Resources which provided details in relation to the current financial position of Transition Extreme.

The report recommended:-

that the Committee –

(a)       instruct the Chief Officer – Finance to request that Transition Extreme submit a copy of their updated Business Plan by 31 March 2020; and

(b)       agree to delegate authority to the Chief Officer – Finance, in consultation with the Convener and the Chief Officer - Governance, to arrange an extension of the guarantee, for the amount outlined in the report, for the  period from 1 January 2020.

The Committee resolved:-

to approve the recommendations.