Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Analyses options for the future of funding to
the local Voluntary and Community Sector (VCS) via the Third Sector
Investment fund (3SIF).
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: