Agenda item

Report of the Director of Economic Development.

The Committee considered a report of the Director of Economic Development concerning the renewal of funding for the Heart of the City (HOTC).

The Director of Heart of the City provided details of the HOTC’s development since it was founded in 2000 and highlighted that it was now the UK’s largest small business network. The Director pointed out that HOTC’s core programme was its New Comers Programme, that that programme had been highly successful and that HOTC had helped its last Newcomer cohort to give over £2 million in charitable contributions to other social causes.

RESOLVED – approval be given to the provision of a grant of £511,570 to HOTC from City’s Cash spread over a three year period (2016/17: £167,000, 2017/18: £170,500, 2018/19: £174,000) to enable it to continue its delivery of social and environmental support to City businesses under its new model and to deepen the connections between the business sector and the community sector.