Agenda item

Grant Funding

Report of Executive Member Place, Paul Claussen.

Minutes:

The Executive Member for Place said the report asked Members to consider the funding arrangements going forward to ensure the sustainability of the grant giving programme in the long term and said the £500 grant given makes a huge difference to people.

 

The Executive Director for Place was proud of the grant funding over the years, of which over £200,000 had been given out over a significant period of time and wanted to continue to do this.  He said that £150,000 would be available for the next 2 years, and asked for any remaining balance from the reserve be deallocated.  He was conscious that if this approach was taken then there would be less finance available that had been used to, hence the introduction of a Breckland Lottery scheme.  He added that similar local authorities had reported a return of £60,000 in availability. 

This would involve new procedures in terms of the Gambling Act and there would be a requirement of registering named Officers as individual Licence holders.

 

Councillor Robinson added that 39 Authorities were currently operating this scheme, and felt it was a good initiative allowing residents to see the causes that their money would be supporting.

 

The Chairman asked that the deallocated reserve be linked to the Council’s developing investment strategy and should be added to Recommendation 1. 

 

Options

A combination of Options 4.and 5. is recommended.

 

1)     It is recommended that £300,000 is maintained in the match funding reserve to support local voluntary and community groups in 2017/18 and 2018/19 with up to £150,000 funding per annum.  The current match funding procedures will remain in place for this sum.

 

2)     It is recommended that the remaining balance in the match funding reserve is deallocated and made available for spend elsewhere linked to the Council’s developing Investment Strategy.

 

3)     It is further recommended that a Breckland Lottery is established to supplement the grant giving arrangements described above.

 

4)     Continuing to operate the match funding (as it stands) for the remainder of 2017/18 and through 2018/19 [with £150,000 available per annum] will enable the transition to the new arrangements to be managed effectively, i.e. the lottery scheme to be introduced and the return from any investment to be realised (and subsequently used for grant funding). 

 

5)     The combination of both options would ensure that we can continue to invite applications from communities across the district (using the investment yield) for funding and support specific, pre-identified “good causes” through the Breckland Lottery. 

 

6)     This combined approach would ensure the longevity of grant funding, provide a more strategic approach to any allocations and be more affordable.

 

Reasons

A combination of Options 4.and 5. is recommended.

 

It is recommended that £300,000 is maintained in the match funding reserve to support local voluntary and community groups in 2017/18 and 2018/19 with up to £150,000 funding per annum.  The current match funding procedures will remain in place for this sum.

 

It is recommended that the remaining balance in the match funding reserve is deallocated and made available for spend elsewhere linked to the Council’s developing Investment Strategy.

 

 It is further recommended that a Breckland Lottery is established to supplement the grant giving arrangements described above.

 

Continuing to operate the match funding (as it stands) for the remainder of 2017/18 and through 2018/19 [with £150,000 available per annum] will enable the transition to the new arrangements to be managed effectively, i.e. the lottery scheme to be introduced and the return from any investment to be realised (and subsequently used for grant funding). 

 

The combination of both options would ensure that we can continue to invite applications from communities across the district (using the investment yield) for funding and support specific, pre-identified “good causes” through the Breckland Lottery. 

 

This combined approach would ensure the longevity of grant funding, provide a more strategic approach to any allocations and be more affordable.

 

It was RESOLVED that:

1)     Cabinet RECOMMENDS to FULL COUNCIL a match funding reserve of £300,000 is maintained for grant giving in 2017/18 and 2018/19 (£150,000 per annum) and that the remaining balance from this reserve is deallocated and made available for investment linked to the Councils developing investment strategy;   

2)     A Breckland Lottery is introduced and subject to due diligence and procurement an External Lottery Management company is engaged;

3)     The Executive Director of Place and the Place Manager are nominated to be the Personal Licence holders for the Breckland Lottery;

4)     Delegated authority is given to the Executive Director of Place, in consultation with the Executive Member of Place, to agree the criteria for the inclusion of ‘good causes’ that would benefit from lottery funding.

Supporting documents: