Decision

Summary of
Decision
 
The Cabinet Member for Adult Social Care,
Public Health and Voluntary Sector has approved the award of a
grant to Paddington Development Trust (a charitable company limited
by guarantee with company number 03652559) for a term of 10 years
and a total value of £3.14 million to assist PDT to run and
maintain the Stowe Centre. 
 
 
Reasons for
Decision
 
The Stowe Centre operates as a community
anchor organisation, providing space and services for local
residents and voluntary groups in Westminster, particularly those
in the north of Westminster where the centre is located.
 
The grant was initially approved in April
2024, however this decision is required to reflect subsequent
revisions to the rent and service charges. There is an increase to
the annual grant amount from £180,000 a year to
£230,000 a year for the rent, and by £66,000 for the
service charge. This brings the total grant per annum proposed in
this paper to £314,000 per annum (£3.14 million for 10
years).