Decision Maker: Executive Director of Finance and Corporate Services
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
A decision, with delegated authority from
Cabinet in consultation with the Cabinet Member for Social
Inclusion and Community Safety, to award grants to voluntary and
community sector organisations in line with the Third Sector
Investment Strategy agreed by Cabinet on 15 July 2024.
Decision:
- To extend funding awards for the
services as set out in Appendix 1 for 18 months from 1 April 2025
to 30 September 2026. The cost of the 18-month extension will be
£3,432,984 which is within planned budgets.
- To note this will allow the
organisations to continue delivering their services in line with
their grant agreements.
- To note that the approval of funding
awards will be subject to satisfactory agreement of grant
conditions, and that funding will be recouped by the council if
organisations are no longer able to deliver services in line with
the terms of the existing grant agreements.
Reasons for the decision:
- Recent years have been dominated by
a rapidly deteriorating national economic situation, with high
inflation, rising interest rates and record UK government peacetime
borrowing. This has had a knock-on effect on household budgets,
businesses, and a rise in demand for council services.
- The recent announcement of the
national Local Authority Funding Reforms consultation will result
in considerable pressures and uncertainties on the Council’s
future financial resources. It is therefore considered prudent to
pause any decision on the 3-year funding arrangements for this
grant programme until the outcome of the review and the impact it
may have on the Council’s finances becomes clear.
Alternative options considered:
·
Option 1 – extend current grant awards by 18 months up to 30
September 2026 - recommended
·
Option 2 – commit to a new 3-year grant funding programme
– not recommended
·
Option 3 – not providing prompt notice of the extension
– not recommended
Publication date: 24/02/2025
Date of decision: 24/02/2025
Effective from: 28/02/2025
Accompanying Documents: