Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Agreeing the third sector investment fund
budget and allocation for the period 1 April 2021 - 31 March
2023
1. That Cabinet approves:
§ an annual 3SIF budget of £3,318,100 for two years (1 April 2021 to 31 March 2023)
§ funding renewal for projects set out in appendix 1 until 31 March 2023. Total value of these grant awards £2,153,838 per year.
§ the allocation of £160,000 per year for Fast Track small grants until 31 March 2023.
2. That Cabinet notes the continuation of the three Advice Forum contracts that run to 31 March 2028, at a value of £729,672 per year, and that these continue to offer critical services to residents.
3. That Cabinet approves the borough’s subscription to the London Councils’ Grants Programme, as agreed by London Councils’ Leaders’ Committee, at an annual value of £140,000.
4. That Cabinet agrees to delegate the decision to enter into, or, extend a grant agreement to the Strategic Director of Social Care, in consultation with the Deputy Leader, for the organisations listed in appendix 1; those awarded new infrastructure delivery agreements and successful fast track applicants.
5. That Cabinet agrees to delegate the decision to enter into new agreements, up to the total value of £134,590 per year, in 2021/22 and 2022/23, to the Strategic Director of Social Care, in consultation with the Deputy Leader for replacement projects where organisational change has taken place – to continue meeting outcomes.
Report author: Lisa Henry
Publication date: 06/07/2021
Date of decision: 05/07/2021
Decided at meeting: 05/07/2021 - Cabinet
Effective from: 09/07/2021
Accompanying Documents: