Agenda item

Report of the Chamberlain.

The Committee considered a report of the Chamberlain which provided updates regarding the top risks within the Departmental Risk Register.

The Chamberlain explained that an emerging risk had been identified regarding a potential withdrawal of European Social Fund grant funding, up to a maximum of £300k due to a non-compliant procurement. The risk had been identified by the GLA who act as an auditor for the European Social Fund to ensure the terms of the grant agreements are met. A meeting would be taking place with the GLA in March to assess the likelihood of the grant being withdrawn and the Committee would be kept informed.

RESOLVED – That the Committee notes the report.