H&F has been awarded £140,000 funding to test the viability of a social impact bond for families with complex needs. An urgent decision is required by the Leader to accept the monies and to delegate signature of the contract to the Executive Director for Finance and Corporate Governance. We are required to sign and return the contract by 25th April 2013. The report is exempt as the Big Lottery have advised that the decision re the funding award is is under embargo until 9th May due to purdah nationally.
Decision type: Key
Reason Key: Expenditure/Income over £5m & policies or new income, reserves use, overspend over £300K;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 11/04/2013
Report access: Open;
Decision due: 22 Apr 2013 by Cabinet
Lead member: Leader of the Council
Department: Children's Services Department
Contact: Email: marie.snelling@lbhf.gov.uk Tel: 020 8753 4288.