Agenda item

Report of the Chief Grants Officer

The Board received a report of the Chief Grants Officer marking the fifth anniversary of the City of London Corporation’s Social Investment Fund. The report highlighted the Fund’s achievements during its first five years, and included details of the Fund’s financial performance, areas of investment, the Fund’s investment commitments to date and plans for the Fund for the next five years. The Board noted that the report would go on to Court of Common Council.

Members discussed the statement in the report on seeking new investments. The Board felt that whilst they did not want to encourage inappropriate requests, the Fund should not be over-conservative in its efforts to attract investment proposals, as there had sometimes been a paucity of ideas in the past.

RESOLVED – That the report be noted.