Agenda item

RESOLVED that Cabinet:-

1.    Accepts the Community Renewal Funding award of £2.39m and provides approval to move forward with the implementation of the Community Boost Pilot Programme;

2.    Agrees to the Council releasing up to £1.2m, on a short-term basis, to support the working capital/cash flow requirements of Community Boost delivery partners up until the closure of the programme on 30 June 2022. This is due to 50% (circa £1.2m) of the total CRF allocation being released retrospectively by the funder (ie the Department for Levelling Up, Housing & Communities) after programme closure.

(Note: Any cash flow advances made by the Council to support the working capital/cash flow requirements of delivery partners will be recovered in their entirety from the overall CRF grant allocation); and

3.    Notes that a further report containing a full evaluation of Community Boost will be provided upon completion of the programme summer 2022.

RESOLVED that Cabinet:-

1.    Accepts the Community Renewal Funding award of £2.39m and provides approval to move forward with the implementation of the Community Boost Pilot Programme;

2.    Agrees to the Council releasing up to £1.2m, on a short-term basis, to support the working capital/cash flow requirements of Community Boost delivery partners up until the closure of the programme on 30 June 2022. This is due to 50% (circa £1.2m) of the total CRF allocation being released retrospectively by the funder (ie the Department for Levelling Up, Housing & Communities) after programme closure.

(Note: Any cash flow advances made by the Council to support the working capital/cash flow requirements of delivery partners will be recovered in their entirety from the overall CRF grant allocation); and

3.    Notes that a further report containing a full evaluation of Community Boost will be provided upon completion of the programme summer 2022.