Issue - meetings

Replacement Fire Alarm System – The Sage Gateshead

Meeting: 25/01/2022 - Cabinet (Item 134)

Loan Facility for North Music Trust

Report of the Strategic Director, Economy, Innovation and Growth


Consideration has been given to enteringinto a loanfacility with   North Music Trust (NMT)to supportthe installation of a new fire alarm system.






That the provisionof a loanfacility of the amount set out in the report to North Music Trust be approved.






That the Strategic Director,Resources and Digital be authorised to finalise the loan agreement termswith North Music Trust.




The above decisions have been made for the following reasons:






To maintain the use by the public of a cultural facility for the Borough.






Tosupport theuse of the facility as part of the delivery of the Gateshead Quays Conferences and maintain income in line with the business plan.