Agenda item

Report of the Director of Economic Development.

The Board received a report of the Social Investment Advisor updating Members on work since the previous meeting.

The Board noted that the Advisor’s work had included:

·         Building the evidence base for HM Treasury to seek an expansion of the Social Investment Tax Relief scheme from the EU;

·         Contributing to the G8 taskforce and two of its final reports;

·         Developing the details of the ‘Stepping Stones Fund’ with City Bridge Trust to create a high impact support programme for social sector organisations (name still to be decided on);

·         Meeting with City financial institutions to discuss social investment;

·         Updating A Brief Handbook on Social Investment for City of London Corporation; and

·         Judging the Social Enterprise UK award schemes.

In response to a query, officers advised that Members would be notified of any events they could attend, but the majority of proceedings were small officer working groups.

RESOLVED – That the report be noted.