Venue: Committee Rooms, 2nd Floor, West Wing, Guildhall
Contact: Joseph Anstee
tel. no.: 020 7332 1480
Email: joseph.anstee@cityoflondon.gov.uk
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The Chairman welcomed guests and observers in attendance to the meeting. |
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Apologies Minutes: Apologies for absence were received from Elizabeth Corrado, Alderman Bronek Masojada and Deputy Henry Pollard. |
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Members' Declarations under the Code of Conduct in respect of items on the agenda Minutes: There were no declarations. |
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To agree the public minutes and non-public summary of the meeting held on 22 May 2019. Minutes: RESOLVED – That the public minutes and non-public summary of the meeting held on 22 May 2019 be agreed as a correct record. |
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Report of the CGO Minutes: The Board received the progress report of the Chief Grants Officer & Director of City Bridge Trust (CGO), introducing speakers from Social and Sustainable Capital and providing short updates on the wider review of Bridge House Estates, City Bridge Invest, the UN Sustainable Development Goals and Greenwich Leisure Limited.
The CGO introduced the report and advised that a substantive update on the wider review of Bridge House Estates would be submitted to Committees in the New Year. The CGO also advised of further work on City Bridge Invest and its possible alignment with UN Sustainable Development Goals, with a further report to be brought to the next Board meeting. The Chairman added that it would be ideal if matching objectives could be rolled into the Board’s investment strategy.
The CGO then drew Members’ attention to the information provided on Greenwich Leisure Limited. In response to a query from a Member, the CGO advised that specific concerns about the information reported could be investigated if Members wished, and picked up through the Board’s quarterly portfolio update report.
The Board then welcomed Ben Rick and Gilly Orr of Social and Sustainable Capital (SASC), to present an update on progress since the launch of the Social and Sustainable Housing Fund. The Board was thanked for its invitation and for its investment, which had catalysed a larger raise for the Fund. The Board was given a brief history of SASC and its work, before a summary of the Social and Sustainable Housing Fund.
The Housing Fund was felt to be a unique investment structure that enabled charities to purchase residential property and provide homes, whilst addressing the risks they found challenging when buying or renting property. It also gave the benefit of long-term asset ownership to organisations which were reliant on housing as integral to |
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Questions on Matters Relating to the Work of the Board Minutes: There were no questions. |
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Any Other Business that the Chairman considers urgent Minutes: Following a proposal from the Chairman, the Board agreed meeting dates for 2020, with meetings starting at 9:00am. |
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Exclusion of the Public MOTION - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act. Minutes: RESOLVED – That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in Part 1 of Schedule 12A of the Local Government Act.
Item No. Exempt Paragraphs 8 - 11 3 12 - 13 - |
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Non-Public Minutes To agree the non-public minutes of the meeting held on 22 May 2019. Minutes: RESOLVED – That the non-public minutes of the meeting held on 22 May 2019 be agreed as a correct record. |
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Investment Review: The South London Centre for Psychoanalysis Report of the CGO and the Chamberlain Minutes: The Board considered a report of the CGO and the Chamberlain. |
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Portfolio Update Report of the CGO Minutes: The Board considered a report of the CGO. |
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Learning from the Affordable Homes Rental Fund Report of the CGO Minutes: The Board received a report of the CGO. |
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Questions on Matters Relating to the Work of the Board Minutes: There were no questions. |
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Any Other Business that the Chairman considers urgent and which the Board agree should be considered whilst the public are excluded Minutes: There was no other business. |