Agenda item

Report of the Town Clerk.

The Committee considered a report of the Town Clerk concerning the funding of the Foundation for FutureLondon in support of its London 2012 regeneration project.

RESOLVED – that:-

1.    a sum of £200,000 per annum be included in the City Cash budgets to support the Foundation for FutureLondon in 2018/19 and four subsequent financial years; and

2.   the release of such funding be conditional upon the Foundation for FutureLondon meeting its fundraising target, the recognition criteria set out in paragraph 11 of the report as well as other appropriate milestones, to be agreed with the Town Clerk