Loan to troubled agency over King’s Lynn Innovation Centre will be discussed in public
PUBLISHED: 22:44 11 March 2019 | UPDATED: 11:33 12 March 2019
© ARCHANT NORFOLK 2016
An extraordinary meeting will be held into how a council lost millions when a troubled enterprise centre defaulted on a loan.
West Norfolk council repossessed the flagship King’s Lynn Innovation Centre (KLIC) after Norfolk and Waveney Enterprise Services (NWES) defaulted on a £2.75m loan.
Tonight the council’s audit committee agreed that a report into the council’s handling of the matter would be discussed at a special meeting. It is likely to be called within days.
The motion for an extraordinary meeting was proposed by Jim Moriarty, leader of the five-strong independent group on the council, before tonight’s meeting.
He said: “It will assure the public this is not being covered up or hushed up. It will give an opportunity for councillors and the full council to debate the issue.”
The King’s Lynn-based authority ordered an internal investigation into the affair, despite a call for a public enquiry from Labour councillor Charles Joyce.
Officials produced a report which has been seen by the council’s audit committee.
Members of the press and public were excluded from the discussion tonight.
Before the meeting, the council said this was because of “information which is likely to reveal the identity of an individual” and because it related to the “business affairs” of the council.
A council spokesman said: “The chief executive has said that in his opinion if the report was taken in open session this would be likely to constrain audit committee members’ scope to explore all of the issues as fully as they will be able to do in closed session.”