Report no: 107/2020

Cabinet aapproved the request from Oakham Rugby Football Club to have the loan of £18,680 (provided to them through the Section 106 Sport and Leisure grant and loan scheme) converted in to a grant, in line with the provisions agreed by Cabinet at the time of the decision in 2015.

Councillor Stephenson elaborated on the report and explained that bids had been considered by a panel, and the awards of grants and loans were approved by Cabinet on 21st April 2015. It was explained that the Cabinet report authorising the loan to the Oakham Rugby Club made specific reference to the loan being converted to a grant if the club were able to demonstrate significant additional external use of the facility being generated by the financial investment. It was reported that since 2015 there have been 212,279 visits to events by third party organisations, with the numbers increasing every year, with 65,448 attendances in 2019.

RESOLVED:

That the request from Oakham Rugby Football Club to have the loan of £18,680 (provided to them through the Section 106 Sport and Leisure grant and loan scheme) converted in to a grant be approved, in line with the provisions agreed by Cabinet at the time of the decision in 2015.