Agenda item

The Committee considered a report of the Chief Grants Officer and Director of City Bridge Trust concerning the progress to date at the three-year mark of the 10-year strategic grant to the Prince’s Trust, and seeking approval for the commitment of the next allocation of funding.

The report outlined delivery in the first three years of the strategic grant and plans for the next three years. The grant funding had supported over five thousand young people so far, and enabled the Prince’s Trust to launch their London Growth Plan, a five-year strategy which would double their reach in London. The Prince’s Trust were finding new ways of working under their new leadership, which had been in place for six months.

The Committee noted that the Chairman, Deputy Chairman and Chief Grants Officer had met with the Prince’s Trust as part of the strategic advisory group before the meeting, and had reviewed the first three years delivery and the next three years. The meeting had been very positive. The Chairman added that the Prince’s Trust was the City Bridge Trust’s biggest partnership and had been very fruitful so far.

The Committee noted that the next allocation of £3million would be from this financial year’s City Bridge Trust budget. The Prince’s Trust liaison officer will be presenting to the Committee at a future date on the work of the Prince’s Trust (possibly September or October 2018).

RESOLVED – That the City Bridge Trust Committee:

a)    Note the report;

b)    Agree that satisfactory results have been achieved by PT in the first three years of this strategic initiative;

c)    Agree the outline of planned activities for the next three-year period, with the agreement of the detail to be delegated to the Town Clerk in consultation with the Chairman, Deputy Chairman and Chief Grants Officer; and

d)    Approve the commitment of the next allocation of £3m funding from the £10m approved by the Court of Common Council, as outlined in the report.