The Cabinet considered an update on progress with the Working with Communities work stream and setting out a proposal to undertake a ‘beta’ phase of a new Community Investment Fund as a prelude to a possible 2 year pilot starting in 2018 and agreed that
· the proposals outlined within this report be endorsed, including:
- the approach, ethos and principles of the Community Investment Model;
- the associated funding considerations and next steps;
· existing resources be committed to the Beta phase and development of the model; and
· agreement in principle be given, subject to the outcome of the Beta phase, to receive (in early 2018) a reserve request to fund the two-year pilot proposed above and within the accompanying presentation.