Decision details

Third Sector Investment Fund Strategy Report

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Analyses options for the future of funding to the local Voluntary and Community Sector (VCS) via the Third Sector Investment fund (3SIF).

Decision:

That Cabinet Agrees:

 

1.    To launch a Third Sector Investment Fund Round under the seven priority areas set out in this paper.

 

2.    That the newly allocated funding will run from 1st April 2025 to 31st March 2028, with the option to extend by 1 more year (up to 31st March 2029).

3.    To approve the establishment of a framework for the approval of grants falling within the Third Sector Investment fund. Under this framework the Cabinet grants delegated authority for the Award of Grants under the Third Sector Investment fund from 1st April 2025 up to 31st March 2028 with a potential extension of one year up to 31st March 2029 to the Executive Director of Finance and Corporate Services in consultation with the Cabinet Member for Social Inclusion and Community Safety.

 

Report author: Katharina Herrmann

Publication date: 16/07/2024

Date of decision: 15/07/2024

Decided at meeting: 15/07/2024 - Cabinet

Effective from: 20/07/2024

Accompanying Documents: