Purpose

Following Council approval on 7th Feb this
report details the establishment of a Social Fabric Fund

Decision

That Cabinet:
1.    
Approves proceeding with the establishment of a blended £2.5
million Social Fabric Fund, comprising £1 million revenue,
and £1.5 million capital, focusing primarily on the 22 Lower
Super Output Areas identified in the Countywide Approach to
Levelling Up, with the ability to flex this by exception as set out
in paragraph 4.10 of the report;
2.    
Approves an additional one-off £0.32 million revenue
allocation to support the operation of the Fund as set out in
paragraphs 4.13, and 4.19 of the report;
3.    
Approves the £1.32 million revenue elements of the Fund being
funded from the Council’s Revenue Investment Fund;
4.    
Approves the £1.5 million capital element of the Fund being
funded from the Council’s Capital Investment Fund and
approves its addition to the Capital Programme; and
5.    
Authorises the Strategic Director for Resources to take all steps
as he considers necessary to establish and operate the Fund in
consultation with the Portfolio Holder for Environment, Climate,
and Culture, and other Portfolio Holders as appropriate.