(1) Lifeline 24 Ltd - Agreed to support
£476,450 - GBER
33 new jobs created
AC provided background to the grant application and general discussion took place. The Panel
noted the money for the development of the new premises, and purchase of additional equipment,
will be made available when a sister company repays an intercompany loan next year in April
2021 and that assurance had been given to this effect by the company.
The Panel acknowledged that there is market demand for this service and noted the company is
having to expand as a result of the increase in sales, the majority of which is from the public
sector, and not reliant on contract.
Projected annual salaries for the proposed new jobs queried. AC outlined company progression
pay scheme and reassurance given.
(2) Brisko Scaffolding Ltd - Agreed to support
£200,000 - GBER
18 jobs to be created
NS provided background to the grant application. The Panel noted that Brisko Scaffolding Limited
have been the recipient of a previous GBF award, which has been successfully completed, and is
also the recipient of a CBIL loan.
Assessed as a Medium sized business but NS pointed out that if connected companies are taken
account of, through shareholder ownership, then the business becomes a Large sized business.
Panel discussed the overall size of the company and it was agreed that it should be regarded as a
Large company in an Assisted Area.
Assisted Area status - BH pointed out that the Assisted Area status comes to an end on 31
December this year and the impact of this on the grant application. For the rules to apply, as they
stand, it would mean an extremely tight spend timescale for the company as they would need to
claim the £200k by the 15 December latest, to enable SCC payment prior to 31 December. On
reviewing the expenditure list, the site works are not expected to go ahead until January 2021
therefore the only expenditure that might be achievable is placing a deposit for the purchase of
vehicles, depending on lead time
The Panel discussed options as a way forward to progress the grant application. Panel agreed to
approve the grant application but conscious of the need to manage client expectation.
Recommendation: NS to communicate process around spend timescale.
(3) HF Bond Limited - Agreed to support
£80,000 - GBER
Four jobs to be created.
AC provided background to the grant. Agreed this was a straightforward grant application with
good capital expenditure
(4) Rossdales LLP - Agreed to support
£37,885 - GBER
Three jobs to be created.
NS provided background to the grant application. The Panel noted this is a high-profile business in
the local area, providing an important service that is committed to growth.
(5) A further application was considered and declined by the Panel.