Agenda item

Report of the Chief Grants Officer and Director of City Bridge Trust (CGO)

The Board considered a report of the CGO providing updates on the Bridge House Estates Governance Review, future social investment strategy and work to frame the Social Investment Board’s activities in line with the UN Sustainable Development Goals, as well as recommending a change of the Fund’s working name from City of London Corporation Social Investment Fund to Bridge House Estates Social Investment Fund.

The Board then discussed the name change proposal. Members recognised that the proposed name was more accurate, and was already the name used in the Bridge House Estates Annual Report. Nevertheless, they expressed reservations about dropping the reference to the City of London Corporation, which by extension linked the City of London, and carried more promotional and communication value.

Arising from a short discussion, the Board did not object to the principle of changing the Fund’s name, but asked officers to explore whether there was an alternative nomenclature which was sufficiently accurate but retained a more obvious link to the City of London.

RESOLVED – That the Social Investment Board:

a)    Note the report;

b)    Request further consideration on the proposal to change the working name of the Fund, in accordance with the feedback from Members.