Agenda item

Craig Calvert from UBS was present for the consideration of this item.

APPROVED - £150,000 towards the cost of West London Zone's Collective Impact Bond. Funding is conditional on West London Zone delivering the following:

·         an updated social investment model, with details of pricing and revenue for approval by City Bridge Trust officers;

·         a report on a completed pilot that provides proof of concept of outcomes by end of 1 February, 2017 the latest;

·         copies of correspondence from commissioners that shows their commitment to the work; and

·         copies of correspondence from potential social investors showing their commitment to invest.