Decision Maker: Winchester Town Forum
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Funding and Development Officer and Councillor Weir introduced the report and advised that it was proposed to create a Winchester Town Fund as a specific grant fund to be accessed through the Council’s crowd funding platform.
The Forum, at its meeting of the 17 January 2019 agreed a number of grants which had left £33,000 of the Winchester Town Forum grant budget uncommitted for this financial year. It was proposed that the new crowd funding platform would provide a process for funding specific projects that met outcomes agreed by the Town Forum and would also provide valuable support to organisations applying. The Forum was advised that crowd funding is used by a number of other local authorities and has a number of benefits for the Council and local organisations. Crowd funding suppliers were currently being sourced and it was hoped to have a supplier agreed shortly.
Members welcomed the report and were pleased to see that progress was being made. Members asked a number of questions regarding the types of use for the fund, the sizes of the grants available and the available support to organisations applying.
That Winchester Town Forum approve:
a) The creation of a Town Fund to be made available via the Council’s crowd funding platform.
b) The Town Fund delivery outcomes of Inclusion, Environment and Well-being, as set out in the Detailed Proposals section, against which grant funding applications are to be assessed.
c) A match funding limit per project submitted on the crowd funding platform for the Town Fund of 50% or £2,000 which ever is the less.
d) The match funding contribution from the Town Fund would only be offered when the project has secured, from the public investment pledges, a value of 25% of the target total project expenditure.
e) The option to revise or withdraw the grant offer of match funding contribution if the organisation fund raising for the project fails to reach its stated target expenditure.
f) That one project per organisation in a single financial year is eligible for funding through the Town Fund.
g) That authority is delegated to Corporate Head of Service for Engagement to approve grant allocation and to enter into grant agreement, monitor and in circumstances where reasonable and grant offer criteria and conditions are not met to withdraw from the funding arrangement.
Report author: Susan Robbins
Publication date: 01/10/2019
Date of decision: 11/09/2019
Decided at meeting: 11/09/2019 - Winchester Town Forum