Agenda item

Report of the Chief Funding Officer

The Committee considered a report of the Chief Funding Director seeking approval of a grant of £615,000 to London Funders to build on its existing London’s Giving work by establishing a Resource Hub to support the development and capacity of place-based giving schemes (PBGS) in London. The Chief Funding Director introduced the report, reminding Members of the history of the scheme before presenting the proposals to the Committee.

Members commented that the Resource Hub should help with addressing funding cold spots, but noted that Place-Based Giving Schemes were not suited to every area of London and other forms of infrastructure may need to be explored.

RESOLVED - That the Funding Committee, in discharge of functions for the City Corporation as Trustee of Bridge House Estates and solely in the charity’s best interests:

i)                Approve a grant of £615,000 over three years to London Funders (charity no: 1116201) to develop a Resource Hub to support the development of place-based giving schemes in the capital.