Agenda item

Report of the Chief Grants Officer.

The Chief Grants Officer introduced a progress report on social investment activity within the Corporation. Members noted that a new grants programme, the Stepping Stones Fund, had been launched by the City Bridge Trust on 24th November, which would provide targeted support through grants and risk finance for London-focused charitable organisations to prepare them for social investment.

Members discussed the outcomes of the skills audit, and discussed the options for co-option in line with the Board’s co-option protocol. The Board agreed that both internal and external co-option should be sought, with a total of three additional members, and requested a job description be drawn up to define the preferred skills which could be advertised to the Court of Common Council and in external locations, such as the Cabinet Office Public Appointments website.

RESOLVED – That a job description for co-opted Members be drafted, and that the report be noted.