Chief Grants Officer (CGO) and Director of City Bridge Trust.
Members received a report of the Chief Grants Officer relative to the Community Infrastructure Levy (CIL) Neighbourhood Fund and its proposed management by the Central Grants Unit (CGU).
The Fund currently has £4.7 million and is projected to receive approximately £1 million income per year. The Chairman requested these figures be reconfirmed with the Chamberlain and Comptroller & City Solicitor.
The Comptroller & City Solicitor noted that Members may find it helpful to clarify this sub committee’s relationship with the relevant service committees and sub committees in respect of the oversight and performance of the CGU’s proposed administration of the CIL Neighbourhood Fund and other charities where those funds do not form part of the Central Grants Programme (CGP) which are under the oversight and remit of the sub-committee. It was noted that as the work of the CGU expands beyond the CGP that Members may wish to review the sub-committee’s Terms of Reference as appropriate.
RESOLVED – That the report be received and its contents noted.