From the RMSGB Retention Guidelines for Local Authorities:
Destroy 6 years after last payment for grants under £50 000, For grants
over £50 000 destroy 12 years after last payment
Where plans and detailed drawings included offer to Archivist.
Examples of records are: Agreement to pay loan; Details of payments
Correspondence relating to loan
The notes says this a statutory requirement.
regards,
Graham
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