Agenda and minutes

Apologies for absence were received from Elizabeth Corrado, Alderman Bronek Masojada and Deputy Henry Pollard.

There were no declarations.

To agree the public minutes and non-public summary of the meeting held on 22 May 2019.

RESOLVED – That the public minutes and non-public summary of the meeting held on 22 May 2019 be agreed as a correct record.

Report of the CGO

The Board received the progress report of the Chief Grants Officer & Director of City Bridge Trust (CGO), introducing speakers from Social and Sustainable Capital and providing short updates on the wider review of Bridge House Estates, City Bridge Invest, the UN Sustainable Development Goals and Greenwich Leisure Limited.

The CGO introduced the report and advised that a substantive update on the wider review of Bridge House Estates would be submitted to Committees in the New Year. The CGO also advised of further work on City Bridge Invest and its possible alignment with UN Sustainable Development Goals, with a further report to be brought to the next Board meeting. The Chairman added that it would be ideal if matching objectives could be rolled into the Board’s investment strategy.

The CGO then drew Members’ attention to the information provided on Greenwich Leisure Limited. In response to a query from a Member, the CGO advised that specific concerns about the information reported could be investigated if Members wished, and picked up through the Board’s quarterly portfolio update report.

The Board then welcomed Ben Rick and Gilly Orr of Social and Sustainable Capital (SASC), to present an update on progress since the launch of the Social and Sustainable Housing Fund. The Board was thanked for its invitation and for its investment, which had catalysed a larger raise for the Fund. The Board was given a brief history of SASC and its work, before a summary of the Social and Sustainable Housing Fund.

The Housing Fund was felt to be a unique investment structure that enabled charities to purchase residential property and provide homes, whilst addressing the risks they found challenging when buying or renting property. It also gave the benefit of long-term asset ownership to organisations which were reliant on housing as integral to

There were no questions.

Following a proposal from the Chairman, the Board agreed meeting dates for 2020, with meetings starting at 9:00am.

MOTION - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

RESOLVED – That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in Part 1 of Schedule 12A of the Local Government Act.

Item No.                                                                      Exempt Paragraphs

8 - 11                                                                                       3

12 - 13                                                                                     -

To agree the non-public minutes of the meeting held on 22 May 2019.

RESOLVED – That the non-public minutes of the meeting held on 22 May 2019 be agreed as a correct record.

Report of the CGO and the Chamberlain

The Board considered a report of the CGO and the Chamberlain.

Report of the CGO

The Board considered a report of the CGO.

Report of the CGO

The Board received a report of the CGO.

There were no questions.

There was no other business.