4 3rd sector investment fund allocation PDF 102 KB
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Minutes:
The Cabinet gave consideration to the allocation of the 3rd Sector Investment Fund from October 2010 in respect of the following service areas;
It was noted that the 3rd Sector played a significant role in achieving the Council’s borough of opportunity vision and aspirations, added value to the cultural, social and economic quality of life, helped to shape social and economic regeneration and contributed to civic renewal. Nevertheless, in the current economic climate the Investment Fund would have to deliver efficiencies in the same way as all other Council budgets. To this end it was considered prudent to reflect the anticipated reductions in local government funding in the allocations to the 3rd sector over the following three years. Funded organisations would, like the Council itself, be expected to seek different ways of working and develop more effective systems that would enable efficiencies to be achieved with minimal impact on front line services. The assessment process had applied the same set of requirements and procedures to all applicants and each bid had undergone at least three independent assessments.
With the permission of the Chairman, deputations from the following Third Sector organisations were permitted to address the Cabinet for 5 minutes each, having submitted deputation requests:
RESOLVED:
1. That allocation of the 3rd Sector Investment Fund across the areas of:
· Infrastructure
· Children, Families & Young People
· Economic Wellbeing & Opportunity
· Health & Wellbeing (older people)
as set out in this report be approved.
2. That, where there is a lack of fundable applications to deliver particular outcomes sought, authority be delegated to the appropriate departmental Director to retender or reallocate the remainder of the budget.