The Executive Director of Economic Growth and Neighbourhood Services and Executive Director of Resources submitted a report on a proposal to provide financial support to Greenwich Leisure Limited (GLL) following a request for assistance from the Council relating to the impact of Covid-19.  The terms of the financial support were set out in paragraph 4.4 of the report. 

The report explained that the Covid-19 pandemic and the Government’s lockdown resulted in the temporary closure of Rivermead Leisure Centre.  GLL was seeking financial support from partners in order to remain financially viable as its centres reopened to the public.  The Rivermead Leisure Centre had reopened on 25 July 2020 and it was recommended that GLL should be provided with additional financial support up to a limit of £410k to secure the opening and continuation of their operation this financial year based on open book accounting.  The Committee had received, in closed session of this meeting (Minute 34 refers), commercially sensitive information in relation to this decision.

Resolved –

That the Executive Director of Economic Growth and Neighbourhood Services be authorised to provide financial support of a maximum of £410k to Greenwich Leisure Limited within the terms set out at paragraph 4.4 of the report to address the impact of COVID-19.