Purpose

Analyses options for the future of funding to
the local Voluntary and Community Sector (VCS) via the Third Sector
Investment fund (3SIF).

Decision

That Cabinet Agrees:
 
1.   
To launch a Third Sector Investment Fund Round under the seven
priority areas set out in this paper.
 

2.   
That the newly allocated funding will run from 1st April
2025 to 31st March 2028, with the option to extend by 1
more year (up to 31st March 2029).

3.   
To approve the establishment of a framework for the
approval of grants falling within the Third Sector Investment fund.
Under this framework the Cabinet grants delegated authority for the
Award of Grants under the Third Sector Investment fund from 1st
April 2025 up to 31st March 2028 with a potential
extension of one year up to 31st March 2029 to the
Executive Director of Finance and Corporate Services in
consultation with the Cabinet Member for Social Inclusion and
Community Safety.