Agenda item

Report of the Director of Economic Development.

The Board received an update in respect of the work of the City Corporation’s Social Investment Advisor in developing the Social Investment Strategy, in addition to her work on the Social Investment Fund.  Particular reference was made to the advisory work with the Treasury on the remit of the consultation on tax relief for social investment and it was acknowledged that whilst much work had been undertaken in advance of circulation of the report, further work would be necessary to ensure that key issues, including the definition around eligible investee organisations, were appropriately addressed.  Members welcomed this work and also the contributions made to the G8 policy debate in respect of social investment. 

In respect of future events, the Board requested that advance notification be sent to all Board Members at the earliest opportunity as events were schedule in order to avoid diary clashes.

RECEIVED.