Agenda item

Report of the Chamberlain (to follow).

The Committee received a verbal update concerning the future funding of Gresham College from the Chamberlain. Members noted that the only substantial change since the agreement had been agreed in principle by Policy and Resources Committee and Finance Committee in June 2013, was the request of Gresham College to include an RPI uplift in year one.

RESOLVED – that the Funding Arrangements to replace the Memorandum of Understanding between Gresham College, the City Corporation and the Worshipful Company of Mercers be recommended for approval by Policy and Resources Committee and Finance Committee.