Agenda item

Joint report of the Commissioner and the Director of Economic Development.

The Committee considered a joint report of the Commissioner of Police and the Director of Economic Development concerning the development and delivery of a new Cyber Security Strategy for the City of London Corporation and City of London Police.

In response to questions, the Chamberlain advised that funding was to be allocated from City’s Cash in this instance as the proposal had emerged from the Economic Development Office, in support of their work with City businesses and for the City as a place to do business generally. This would be kept under review and it was also confirmed that this funding would be included in estimates when referring to the total level of funding provided to the City Police. It was noted that the City Police annual budget grant was circa £55m net.

RESOLVED: That Members:-

·      agree in-principle to support and approve the cyber strategy;

·      approve an increase to the base budget of the City of London Police of £450k and EDO’s budget for £55k, for 2019/20 for the initial launch and piloting of Cyber Griffin (over two years), to be drawn from City’s Cash; and

·      note that, pending the initial success of Cyber Griffin, the City Police and EDO will present a business case to seek long-term funding, to continue to deliver the strategy, beginning in 2020/21 Budget.