Agenda item

Report of the Managing Director of BHE

The Committee considered a report of the Managing Director of BHE requesting funding from CBT of £1,020,000 (representing £1m for grants expenditure and £20,000 for operational costs) towards a partnership with John Lyon’s Charity, seeking to support organisations working with children and young people in west and north-west London. The Managing Director of BHE introduced the application and drew Members’ attention to the key points. The Chair commented that this was an exciting proposal which demonstrated the leverage and benefit of Alliance partnerships.

In response to a question from a Member, the Managing Director of BHE advised that the amount recommended had been assessed in conjunction with the relevant organisations, with a view to providing as much funding as possible whilst still distributing the funding in a sustainable way. The Chair commented that the project could be reviewed for further funding opportunities after a year or so.

RESOLVED – That the Grants Committee of the BHE Board endorse a grant of £1,020,000, as an Alliance Partnership, for onward approval by the Bridge House Estates Board, to John Lyon’s Charity, registered charity no: 237725, towards its Recovery Fund, providing grants to strengthen children & young people’s organisations. £1m of the award is to supplement JLC’s grant-making, with the additional £20,000 as a contribution towards its costs of administering these funds. The funding is to be restricted to support organisations benefitting Londoners.

A payment schedule will be drawn up, allowing the funds to be paid to JLC in instalments, enabling payments to be received prior to onward grants being committed/paid.