Issue - meetings

Third Sector Investment Fund Budget and Allocation

Meeting: 05/07/2021 - Cabinet (Item 5)

5 Investing in our Third Sector pdf icon PDF 488 KB

Minutes:

The Leader stated that he was extremely grateful to the third sector as it was a key community partner in improving the health and wellbeing of residents and creating a more inclusive, prosperous, and resilient borough. He also praised the immeasurable response of the borough’s community and voluntary sector to the unprecedented challenges of the global Covid-19 pandemic, who had worked tirelessly throughout the pandemic to provide frontline services and support to residents. This report reaffirmed the Council’s strong commitment to continued significant investment in the local third sector. It included the process for continuous improvement in the Council’s approach to funding in light of Covid-19 learning.

 

 

AGREED UNANIMOUSLY BY THE CABINET MEMBERS PRESENT:

 

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.