Agenda item

Report of the Chief Funding Director

 The Committee considered a report of the Chief Funding Director providing an

update on key areas of activity and outlining upcoming activities. The Chief Funding Director introduced the report and drew Members’ attention to the key points, first providing a summary of the CBF Funding team’s recent Away Day. The Committee noted positive feedback from funded organisations on the second round of inflation support payments. The Chief Funding Director then outlined the roundtable event hosted by CBF on its future funding direction, which had given funders the opportunity to explore themes and consider strategy, as well as discussing CBF’s positioning within the wider funding sector and CBF’s role in sharing and promoting funding best practice. In response to a question from a Member, the Chief Funding Director advised that only a very small number of funded organisations had not responded to the offer of inflation support, with almost all responding.

With regards to the update on shared financial due diligence, a Member suggested that the Chief Funding Director contact the City Corporation’s Innovation & Growth team regarding the Centre for Finance, Innovation and Technology initiative.

The Committee noted the update provided on Co-opted Member recruitment, with appointments intended ahead of the June Committee meeting, and that officers would be in touch regarding Member engagement in the process.

RESOLVED – That the report be noted.