Bertie wrote:Except you choose not to include the FACT that this is no handout, its being repaid, like a mortgae, over 30 years, along with partners in the project like Sirius and the University of Hull and Hull Adult Education and Hull Training etc.
So once again the "handout" stays firmly with yourselves.
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Where did you get that info from? The article states that the council will meet 4.2m of the bill but will look to reduce that through euro funding.
If it is a loan as you suggest then what kind of favourable agreement will that loan cover? That in itself is still a handout. I'm yet to see evidence though that this is a loan and not a grant.