THE Public Works Loan Board cannot approve a �975,000 loan towards the cost of developing the Beehive Community Centre in Honiton until planning permission for the building has been approved by East Devon District Council.
THE Public Works Loan Board cannot approve a �975,000 loan towards the cost of developing the Beehive Community Centre in Honiton until planning permission for the building has been approved by East Devon District Council.
Town clerk Lyn Hargood told the annual meeting of electors that the centre's business plan will be scrutinised by the board before a loan decision is reached.
The meeting also heard that the rate of interest to be paid on the loan will be fixed for the entire repayment period, meaning Honiton Town Council would not have to pay more when interest rates rise.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here