That:

a)    To approve an extension of an interest free loan by £70,000 to a total of £280,000 to the Herefordshire County BID Limited and to extend the repayment term of the existing loan, with all funds to be repaid by the end of the current BID term in December 2026; and,

b)    To delegate to the Service Director for Economy in consultation with the Section 151 Officer all operational decisions in relation to the payment and recovery of the loan.