1. That approval be granted to:
(i) enter into a tri-partite agreement with London Councils and Greater London Enterprise (GLE) as set out in paragraph 1.4 of the report.
(ii) accept ESF funding of £1,000,000 under the terms of the tri-partite agreement as set out in the report.
(iii) contribute £1,000,000 match funding to the ESF funding held by GLE in accordance with the terms of the tri-partite agreement as set out in the report.
2. That approval be given to commission services to support unemployed residents to secure employment at a total cost of £2,000,000 (using the funding and match funding) from 1st April 2012 – 31st March 2014.