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 £500,000 towards a partnership with the United St Saviour’s Charity, seeking to support organisations working with disadvantaged communities in the London Borough of Southwark, as part of the Alliance Partnerships initiative. The Managing Director of BHE introduced the application and outlined the key points for Members.

RESOLVED – That the Grants Committee of the BHE Board endorse a grant of £500,000, as an Alliance Partnership, for onward approval by the Bridge House Estates Board, to the United St Saviour’s Charity (USSC), registered charity no: 1103731, towards its work supporting disadvantaged communities in London Borough of Southwark.

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 USSC in instalments, enabling payments to be received prior to onward grants being committed/paid.