Agenda item

Report of the Chief Funding Director

The Committee received a report of the Chief Funding Director providing an update on the Propel Programme, a ten-year funder collaboration co-ordinated by London Funders to which CBF has allocated £30m. The Chief Funding Director introduced the report, advising the Committee of progress on the programme so far, and outlining the learning from funders and equity partners.

A Member pondered how learning from Propel might be used for other programmes, and invited reflection from officers, also noting that the combination of independent and political funders carried potentially difficult tensions. The Chief Funding Director advised that learning from the programme so far had been a positive challenge, adding that the charity’s future funding direction work would provide an opportunity to look at learning in the round and assess the value of overarching versus specific learning partners.

RESOLVED – That the Funding Committee of the City Bridge Foundation Board, in discharge of functions for the City Corporation as Trustee of City Bridge Foundation and solely in the charity’s best interests, note the report.