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Tourism Development Fund: Grant for the renovation of the Lido, Havre Des Pas: Rescindment of MD-E-2016-0063

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A decision made on 22 December 2016:

Decision Reference: MD-E-2016-0063

Decision Summary Title :

Rescind MD-E-2016-0039

Date of Decision Summary:

20 December 2016

Decision Summary Author:

 

Assistant Director

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Oral

Person Giving

Oral Report:

 

Assistant Director

Written Report

Title :

N/A

Date of Written Report:

N/A

Written Report Author:

N/A

Written Report :

Public or Exempt?

 

N/A

Subject:

Rescind MD-E-2016-0039, Tourism Development Fund (TDF) – approval of (up to) £49,815 grant to The Lido (Havre Des Pas) Limited to support the renovation and adaptation of The Lido, Havre Des Pas.

Decision(s):

Following advice from officers, the TDF Advisory Panel made a recommendation to the Minister who decided to rescind MD-E-2016-0039 signed on 17th August 2016.

Reason(s) for Decision:

MD-E-2016-0039, Tourism Development Fund (TDF) – approval of (up to) £49,815 grant to The Lido (Havre Des Pas) Limited was signed on 17th August 2016 following a recommendation from the TDF Advisory Panel.

 

Subsequently a Grant Agreement was sent to The Lido (Havre Des Pas) Limited on 16th August 2016 but never signed and returned. We have now been advised that the current owners are in discussions around changes to the ownership of the business and that the present structure will change substantially. Consequently the offer of the grant must be withdrawn and a new application made.

Resource Implications:

£49,815 to be re-introduced to the Tourism Development Fund budget and made available.

Action required:

Ministerial decision MD-E-2016-0039 to be rescinded. The Assistant Director to advise The Lido (Havre Des Pas) Limited of the decision and to request the Senior Management Accountant – EDTSC to allocate the funds to be made available in the TDF budget.

Signature: Senator L J Farnham

Position:

Minister for Economic Development, Tourism, Sport and Culture

Date Signed:

Date of Decision (If different from Date Signed)

 

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