The Resource Allocation Sub (Policy and Resources) Committee met on Tuesday 26 May 2026 to discuss funding allocations for infrastructure projects, neighbourhood initiatives, and transport schemes. The committee also reviewed updates on energy costs, departmental risks, and the City Surveyor's business plan.

CIL Capital Bids - Quarter 1 2026/2027

The committee was scheduled to consider recommendations for the allocation of £573,000 from the City's Community Infrastructure Levy (CIL) fund. These funds were proposed for two projects: £320,000 for enhancements to Fenchurch Street and £253,000 for electrical works at Barbican Library. The Fenchurch Street enhancements are intended to support increased footfall following the adoption of the Fenchurch Street Area Healthy Streets Plan, with potential works including public realm enhancements and pavement widening. The Barbican Library bid aims to modernise its electrical, IT, and security provisions to address identified inadequacies and fire risks. No bids were received for On Street Parking Reserve funding for this quarter.

Community Infrastructure Levy Neighbourhood Fund – Applications for Decision

The committee was set to review applications for funding from the Community Infrastructure Levy (CIL) Neighbourhood Fund. This fund reserves 15% of CIL receipts for neighbourhood priorities. The report detailed four grant applications recommended for approval by the CILNF Officer Panel, totalling £1,791,546. These included:

• All Hallows on the Wall: A request for £500,000 towards capital costs for access improvements, including accessible lifts, toilets, ramps, and rails, as well as enhancements to the church's garden area and public realm. This project aims to improve accessibility and street cleanliness.
• Union Street Consulting Ltd: A request for £420,000 over 18 months to deliver the 'Centre Without Walls' programme. This initiative aims to make the City of London a more faith-friendly and religiously literate business district through on-demand multi-faith chaplaincy, public festivals, executive learning, and a digital hub.
• Toynbee Hall: A request for £499,955 over 51 months to provide a generalist advice service for marginalised, informal, and casual workers in the City of London's hidden economy. This service aims to address advice gaps for those who work in the City but do not reside there.
• Age UK Camden: A request for £371,591 over three years to deliver a programme of health, wellbeing, and social activities for older residents of the City of London. This programme includes a Handy Person Service, a Food Home Delivery Service, and Digital Inclusion home visits.

The committee was also to note grants approved under delegated authority and updates to the CILNF Officer Panel Terms of Reference and policy. An analysis of CILNF grants awarded over the past six years, detailing their impact on the City of London Corporate Plan and community priorities, was also scheduled for review.

Local Implementation Plan Funded Schemes 2026/27

The committee was to consider the allocation of Transport for London (TfL) Local Implementation Plan (LIP) funding for the financial year 2026/27. The City of London's allocation for this period was £712,000, intended for schemes that improve the City's transport network in line with the Mayor of London's Transport Strategy. The proposed allocations included:

• Safer Corridors & Neighbourhoods: £417,000
• Safer Cycleway Network Development: £50,000
• Cycle Parking: £60,000
• Cycle Training: £30,000
• Principal Road Renewal: £9,000
• Bridge Assessment and Strengthening: £146,000

The committee was asked to approve these allocations and delegate authority to the Executive Director, Environment, to reallocate funds between schemes up to £250,000 and to allocate any additional funds made available by TfL.

Updates for Information

The committee was scheduled to receive several reports for information:

• Update for Energy Cost and Savings: This report provided an update on utility costs and forecasted budgets for 2026/2027. It noted that while utility costs had stabilised since their peak, they had not returned to pre-Covid levels. The report detailed the performance of the Power Purchase Agreement (PPA) and outlined energy management initiatives aimed at cost avoidance and consumption reduction.
• The City Surveyor's Corporate and Departmental Risk Register March 2026 Update: This report provided an update on the management and mitigation of risks within the City Surveyor's Department. It highlighted a 'red' risk concerning Construction Consultancy Management and an 'amber' risk related to the Maintenance and Renewal of Corporate Physical Operational Assets. The frequency of these reports to the committee was to be reduced to six-monthly.
• City Surveyor's Business Plan 2025-30 - Q4 of 2025/26 Update: This report detailed the department's progress against its business plan for the fourth quarter of 2025/26. It indicated that nine out of fourteen relevant Key Performance Indicators (KPIs) had met their targets, with three falling short for favourable reasons. The report also noted an overall underspend of £1.351 million against the department's total budget. Similar to the risk register reports, the frequency of these business plan updates to the committee was to be reduced to six-monthly.

The meeting agenda also included standard items such as the approval of previous minutes and a session for questions on matters relating to the sub-committee's work. A motion was scheduled to exclude the public for discussions on non-public and confidential agenda items.