Decision details

Purpose of Report: To consider an approach from the Make It York Board seeking the Council’s financial support to mitigate the impact of covid-19 on its services.

The Executive will be asked to consider the proposal for a series of actions to respond to Make It York’s Board request.

Resolved:  (i)      That the requirement for Make It York (MIY) to make a revenue return to the council in 2020/21 in respect of trading activity across the city be waived.

                   (ii)      That the first two quarters’ rent due from MIY in 2020/21 for use of premises on Museum Street and the Silver Street offices be deferred.

                   (iii)     That a loan facility of £300k from the council be accessed by MIY only if necessary.

                   (iv)    That officers provide a letter of guarantee to MIY with access to a maximum of £1m over the next two years should it be required.

Reason:     To secure the future of Make It York.