Agenda item

To consider the allocation of funding towards the Mayor of London’s Young Londoners Fund (YLF).

The City Bridge Trust Committee

(Alison Jane Gowman, Alderman)

2 May 2018

City Bridge Trust support for Young Londoners in conjunction with the Greater London Authority

The City Bridge Trust and its trustee, the City of London Corporation (CoLC) had a long-standing commitment to support work that improves the outcomes for young Londoners. Since the Trust was established in 1995 every major 5-year grants programme that the City Bridge Trust had implemented had incorporated specific funding streams for children and young people; as well as some additional stand-alone initiatives (such as Fear & Fashion, or the current Bridge to Work programme).

In February 2018, the Mayor of London announced a £45m fund over a three-year period to support young Londoners by investing in vital services to help vulnerable children and young adults develop, particularly those who had been left behind or marginalised; and by investing in work to prevent them being drawn into crime. This was to be known as the Young Londoners Fund (YLF). There was now an opportunity for the City Bridge Trust to help the YLF benefit as many young people as possible.

It was recommended that a sum of £1m from the City Bridge Trust 2018/19 grants budget be set aside to work collaboratively with the Greater London Authority (GLA) to fund a range of wrap-around activities to support those organisations which receive funding from the Young Londoners Fund.

Resolved – That approval be given to the sum of £1m from the 2018/19 CBT grants budget being allocated to fund a range of activities to provide additional support to organisations funded through the Mayor of London’s Young Londoners Fund, with the dispersal of that sum delegated to the City Bridge Trust.