Agenda item

Joint report of the Chamberlain and the Chief Grants Officer.

NB: This report will also be considered by the Grand Committee

The Sub-Committee considered a joint report of the Chief Grants Officer and the Chamberlain proposing the creation of a Bridge House Estates (BHE) Strategic Review Fund totalling up to £1m, to understand the wider impacts of the implementation of Bridging Divides.

Members noted that this was a one-off proposal. A Member questioned the total cost of administration and was advised that it was more likely to be approximately £400k rather than £1m, but until the review was underway, it was difficult to anticipate the specific nature and amount of work that may be needed.  

RESOLVED – That it be recommended to the Policy and Resources Committee that:-

1.         the creation of a BHE Strategic Review Fund, totalling up to £1m be supported; and

2.         the governance arrangements for the approval of bids against the Fund, i.e. the Town Clerk approving bids in consultation with the Committee Chairmen of Policy & Resources, Finance and City Bridge Trust, the Chief Grants Officer and Deputy Chamberlain be agreed.