Agenda item

Report of the Chamberlain

The Committee considered a Report of the Chamberlain concerning establishing a contingency funding pot for Brexit related activities.

A Member asked what the rationale was for the final sum of £2m. Officers responded that striking an exact figure that would be required was difficult as the various permutations of Brexit were inherently still quite nebulous.

RESOLVED – that Members approved the following:

·         Endorsed the creation of a Brexit Contingency Fund of £2m in 2018/19 with provision to carry forward any unspent balance into 2019/20 for onward approval by the Court of Common Council.

·         Delegated to the Town Clerk, in consultation with the Chair and Deputy Chair of Policy and Resources Committee, authority to agree bids of up to £100k to the fund.

·         Endorsed the criterion and reporting framework set out in the report for the fund.