Issue - meetings

Report of the Strategic Director, Communities and Environment

Consideration has been given to the principles and approach for an investment fund up to £500,000, to be funded through the Voluntary Sector Reserve.

RESOLVED -            (i)         That the establishment of the Gateshead                                                            Innovation and Development Fund be approved.

                                    (ii)        That the principles and outcomes of the Fund, as                                             set out in the report be approved.

(iii)       That the arrangement with the Community                                 Foundation for Tyne and Wear and                                           Northumberland as described in the report be                                approved.

The above decisions have been made for the following reasons:-

(A)       To provide an innovative strategic investment                            programme to help establish stronger, impactful                    organisations at the heart of Gateshead                                       communities and in turn delivering a greater return                        on investment for the Council.

(B)       Ensure the presence of an effective voluntary and                    community sector to help build stronger and more               resilient communities as set out in ‘Making                                 Gateshead a place where everyone thrives.’