Agenda item

Report of the Chief Grants Officer.

The Chief Grants Officer introduced a progress report on social investment activity within the Corporation and reported that, as officers were unable to agree terms with the preferred candidate, alternate options for the Investment Analyst role were being explored. With regard to the ‘Transition Fund’, Members noted that this would not materially affect how the Social Investment Board operated, but could impact the flow of the investment pipeline. Members agreed that regular reports be presented to future Board meetings on the progress of the Transition Fund.

Officers reported that an induction would be arranged shortly for new Members of the Board and undertook to revise the handbooks in response to Members’ questions over whether Board member’s had trustee status and some financial terms used in the glossary. It was agreed that the handbook would be circulated electronically once these amendments had been made.

RESOLVED – That:

(a)  Regular reports be presented to Social Investment Board meetings on the progress of the ‘Transition Fund’;

(b)  The Social Investment Board handbook be revised in light of Members’ comments and circulated electronically; and

(c)  The report be noted.