Agenda item

To consider a report of the Chief Grants Officer.

The Committee considered a report of the Chief Grants Officer which requested that Members approve two amendments to the funding criteria for the Trust’s new Investing in Londoners programmes; and that Members approve the opening of two of the funding strands at a later date, in October 2013, to allow for promotional, partnership events.

An officer clarified the first recommendation contained within the report and advised Members that the Trust would not bring grants forward for approval that required more than 50% of an organisation’s total revenue income.

RESOLVED – That,

a)    the criterion be removed whereby organisations with a turnover of £10m or more could apply only for a maximum of 50% of the project costs, thereby considering all applications on an equal basis;

b)    organisations with branches and/or running discrete activities in different parts of London be allowed to apply for/hold up to a maximum of three grants; and

c)    the formal opening of your Quality Standards in Youth Work and your Arts Apprenticeships programmes be deferred until late October 2013 to enable promotional, partnership, events.