Council gives Magna £150,000 loan

Members of Rotherham Council's  Resources and Commissioning Cabinet agreed the deal yesterday to help  the Templeborough Science Adventure Park yesterday with its cash flow.

The new loan is a continuation of previous short-term help granted by the council.#

Rotherham Borough Council is to continue its support for one of the region's leading tourist attractions.

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A previous loan granted last September will be repaid at the end of this month. The new loan, together with interest, will be repaid within one year.

Coun. Ken Wyatt, the authority's Cabinet Member for Resources and Commissioning, said: "Magna is a fantastic facility that is worthy of our support. It offers a unique interactive day out for families as well as prime conference facilities that attract visitors from right across the region. Part of this authority's remit is to help and support the local economy, and this loan will do just that, without it affecting our own business and services."

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