Wave Community Bank (trading name of East Sussex Credit Union) has asked East Sussex County Council to extend its £150,000 repayable subordinated loan for ten years, to enable it to assist more residents in the county facing greatest hardship to deal with immediate financial issues and build up savings to help them manage future economic challenges better. The loan was first agreed in 2018 and our agreement is due to end in September 2023.
Decision type: Non-key
Decision status: Recommendations Approved
Divisions affected: (All Divisions);
Notice of proposed decision first published: 28/04/2023
Decision due: 20 Jun 2023 by Lead Member for Strategic Management and Economic Development
Lead member: Leader and Lead Member for Strategic Management and Economic Development
Lead director: Chief Executive
Department: Governance Services
Contact: Alice Pippard 01273 481816 Email: email@example.com Tel: 01273 481816.