Agenda item

Report of the Chamberlain.

The Committee received a Report of the Chamberlain concerning the Financial Services Division.

In response to a query, the Chamberlain outlined her current responsibilities and those areas that are now under the remit of her colleagues in the Chamberlain’s Department. These responsibilities were likely to change as the outcomes of the Target Operating Model and the Governance Review mature over the coming months.

In response to a separate query, the Chamberlain confirmed that a sum of approx. £792,000 had, so far, been allocated via the Corporation’s Covid Recovery Fund. The number of approvals and the associated sums would be reported publicly.

Officers confirmed that, whilst Members were not directly involved in approving specific applications, a Member sounding board, which would provide Member input into the broad practicalities and direction of the Recovery Fund had been established.

RESOLVED – that the Committee noted the Report.