That:

(a)  NMiTE be advised that they may use the £300k loan facility for the purposes of:

• Adaptations and fitting out of 6a St Peter Square and 1 b Offa Street;
• Investigations into potential development of Gaol Street car park;
• Teaching and living space review;
• Establishment of creative vision and masterplan; and

(b)  otherwise the conditions relating to the drawdown remain unchanged and repayment of the £300k is required in accordance with the loan agreement