Agenda item

Report of the Chief Grants Officer.

The Committee received a report of the Chief Grants Officer regarding investment risk the City of London Corporation Social Investment Fund faced from Right to Buy. Members noted that there was currently no risk, but voiced their concern over the potential threats with the likely extension of the Right to Buy policy. The Chief Grants Officer advised that his officers would continue to monitor the guidance being issued from Central Government and present a report on the situation in due course.

RESOLVED – That the report be noted, and a follow-up report be presented in due course.