Report of the Director of Creative Learning.
Minutes:
The Board received a report of the Director of Creative Learning outlining the progress made towards establishing Drum Works as a fully independent Community Interest Company (CIC), following the approvals granted by the Board and the Policy & Resources Committee in May 2015.
It was noted that the intention was for Drum Works to begin trading as a CIC by September and that the cost model was such that worse than anticipated fundraising results would not prevent the company from being established.
RECEIVED.
Supporting documents: