Match Funding Grant Panel Report Round 3
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To inform Members of the recommendations that had been made by the Grant Panel for Funding Round 3 that was held on Friday, 22 October 2010. The report summarised the funding decisions that had been made and made recommendations to Cabinet on the allocation on Match Funding.
1. That the following Match Funding applications be approved:
a) Swanton Morley Cricket Club for the sum of £19,000, subject to:
i) a maximum of £19,000 or 20%, whichever is the lower from the Capital Match Funding Reserve;
ii) the balance of all other funding being confirmed.
b) West Norfolk Transport for the sum of £4,925, subject to
i) a maximum of £4,925 or 3.5% whichever is the lower from the Revenue Match Funding Reserve;
ii) confirmation of the total cost of the project; and
iii) the balance of all other funding being confirmed.
2. That the Match Funding application for Diss Rugby Club be deferred, subject to:
i) a review by the Audit Committee to look at the number of residents from the Breckland area benefiting from these projects;
ii) confirmation of financial commitments from other sources; and
iii) the protocol being reviewed in terms of cross local authority boundary funding to ensure that Breckland Council is getting value for money.
Reasons for the decision:
Alternative options considered:
1) To approve individual Match Funding applications for the full amount requested
2) To award individual Match Funding applications a lesser amount
3) To reject individual Match Funding applications
Report author: Catherine Lang
Publication date: 02/12/2010
Date of decision: 30/11/2010
Decided at meeting: 30/11/2010 - Cabinet
Effective from: 10/12/2010