Agenda item

Report of the Managing Director of Bridge House Estates and Chief Charities Officer

The Sub Committee considered a report of the Managing Director of Bridge House Estates and Chief Charities Officer seeking approval for two Community Infrastructure Levy Neighbourhood Fund (CILNF) grants, recommended for consideration at a meetings of the CILNF Officer Panel in April and May 2021.

The Head of Central Grants Unit (CGU) introduced the report and outlined the two applications for consideration. The Sub Committee noted that Barbican Centre Trust Limited was an independent charity connected to the Barbican Centre. The Head of CGU advised that officers wished to propose an amendment to the recommendation in respect of the grant to Barbican Centre Trust Limited. Due to the substantial size of the grant, it was proposed that the Sub Committee approve an initial grant of £191,067  as the first part of a three-year grant proposal, with funding for years 2 and 3 of the project to be agreed based on the outcome of an annual review by the CGU, and subsequent approval by the Resource Allocation Sub Committee. This would ensure maximum benefit from the grant and continued Member oversight.

In response to a question from a Member, the Head of CGU advised that the terms of the annual review would be made clear to the recipient, and that the remaining tranches could be withheld if Members agreed that they were not justified upon consideration of the annual review. The Head of CGU added that scrutiny of the use of funds would be handled by the CGU, with this scrutiny included within the annual review report for Members’ consideration.

RESOLVED – That the Resource Allocation Sub Committee:

1. Approve the recommended grant of £198,633 over two years to Globe Studios Limited at a meeting of the CILNF Officer Panel in April 2021; and

2. Approve an initial grant of £191,067 to the Barbican Centre Trust Limited at a meeting of the CILNF Officer Panel in May 2021, as the first part of a three-year grant proposal of £737,807. Funding for years 2 and 3 of the project will be agreed based on the outcome of an annual review by the CGU and subsequent approval by the Resource Allocation Sub Committee.