1. To approve up to a maximum loan facility of up to £3.75m to the Old Vic Theatre Trust 2000 for the development of their Arts Hub, linked to the delivery of a range of agreed outputs and social outcomes.
2. To delegate authority to the S151 Officer to oversee the loan agreement and related terms and conditions.
3. To delegate authority to the Director, Enterprise, Jobs and Skills to oversee and agree the social value terms and conditions.