Agenda item

Review of Grant Giving Activity – to receive an update on the ongoing review of grant giving activity across the City of London Corporation.

19 November 2015

(D) Review of Grant Giving Activity

As part of the Service Based Review (SBR) process, a review of the grant giving activities of the City of London Corporation under City Fund and City’s Cash was commissioned. This review excluded the activities of the City Bridge Trust. The objective was to analyse the grants programmes offered by the Corporation to make a more consistent approach to grant giving, improve value for money and increase impact.

The review was conducted by officers and proposals were presented to the Policy and Resources Committee in May 2015, which agreed the overall approach. The report provided information of the review of the proposals by each of the relevant Service Committees. The broad outcome of this was that a new process for the making of grants would come into effect, which would be:

·         The Resource Allocation Sub (Policy and Resources) Committee identifies various priorities for grant giving activities for the coming year.

·         The relevant Service Committee considers the applications related to priorities within their area of responsibilities.

·         The Finance Grants (Sub) Committee provides monitoring of the grants which have been awarded, and reports annually to Resource Allocation Sub (Policy and Resources) Committee on the effectiveness of the scheme.

The changes to the process for the awarding of grants would require the amendment to the Terms of Reference of various Committees. Proposed amendments to the Terms of Reference were set out within the report and would be submitted to the Court for approval within the White Paper in April 2016.

It was recommended that the Court receive this report for information.

Resolved – That the report be received.