Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
A report outlining the irrecoverable losses directly attributed to the Covid-19 lockdown and subsequent anticipated phased re-opening faced by KAL, and proposing that they be underwritten from Covid-19 funding received from the Government.
1) That the Council commit to underwrite irrecoverable KAL income loss as a direct result consequence of Covid-19 to current financial year end 31 March 2021 of up to £4m in order to help KAL through the financial challenges caused by Covid-19.
2) That, as part of the forthcoming Medium Term Financial Strategy review, Officers will review the Council commissioning brief with KAL in line with emerging priority outcomes, including consideration of attendant resourcing implications, and will submit further proposals to a future meeting of Cabinet.
Report author: Martin Gonzalez
Publication date: 29/07/2020
Date of decision: 28/07/2020
Decided at meeting: 28/07/2020 - Cabinet
Effective from: 05/08/2020
Accompanying Documents: