Anticipated reasons for restriction

Gateshead Quays – NEMCA Capital Regeneration Fund and amendments to legal agreements

By virtue of paragraph(s) 3 of Part 1 of Schedule 12A of the Local Government Act 1972.

Explanation of Reasons

Reason restricted justification

This matter will be dealt with during the private part of the meeting.

This matter is considered to be commercially confidential and contains exempt information, as detailed below:

1. The report will contain “exempt” information which falls
within paragraph 3 of part 1 of schedule 12A to the Local
Government Act 1972 (“Information relating to the financial
or business affairs of any particular person (including the
authority holding the information)”;
and
2. "In relation to the “exempt” information, it has been determined that the public interest in maintaining the exemption outweighs the public interest in disclosing the information because disclosure would adversely impact the authority’s ability to manage its commercial financial and business affairs."