Decision details

The report seeks approval of the Place Standard Investment Fund criteria and decision-making process.

Background Papers:

Annual Council 22nd May 2019 – item 7 Ward and Place Partnerships – proposals to support place-based working.

Council – 12 February 2020 - item 5 Budget 2020-2023 - Investing in our places

1)    That approval be given to the establishment of a Place Standard Fund and the criteria and decision-making process for the Place Standard Investment Fund, as detailed within the considered report.

2)    That approval be given to the creation of a specific reserve, with an initial £500k allocation, to fund endorsed action plans through 2021/2022.

3)    That approval be given to the Chief Executive, in consultation with the Cabinet Member (Housing and Democracy), to make decisions on the allocation of this fund up to a maximum of £50k per ward per financial year.

4)    That subsequent proposals for Place Standard Funding in future years be considered as part of the annual budget process for 2022/2023.