To approve a loan from school balances of £78,037.40 to Whitchurch CE Primary School for a new classroom and meeting room in accordance with the council’s scheme for financing schools. The school loan scheme provides a valuable way of enhancing school buildings without using the council’s limited capital budgets.

That:

a capital loan of £78,037.40 to Whitchurch CE Primary School be approved at 0% interest, repayable at £796.30 per month from September 2018 for 98 instalments for a new classroom and meeting room.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

1.         The alternative option is to not grant the loan as requested and in which case the additional facilities at the school will not proceed.