Issue - decisions

Social Impact Investment Fund

20/04/2022 - Social Impact Investment Fund

The subject of the decision

 

The Assistant Chief Executive (Policy, Performance and Economic Strategy) submitted a report which sought member’s approval on the allocation of funds from the Allerdale Social Impact Investment Fund (SIIF) for 2022/23.

 

Councillor M Johnson moved the recommendation as per the report; this was seconded by Councillor M Fitzgerald. The motion was unanimously agreed.

 

Alternative options considered

 

The report set out the suggested allocation of the remaining SIIF funding available.

Alternative suggested uses of the fund may be made so long as they were a strategic fit with the Sellafield Social Impact Strategy.

 

The reason for the decision

 

To agree the allocation of funds from the Allerdale Social Impact Investment Fund (SIIF) for 2022/23, subject to the decision of the Sellafield Board to provide £500,000 each to Allerdale and Copeland for socio-Economic activity.

 

The decision

 

Resolved

 

That the allocation of funds from the Social Impact Investment Fund of £500,000 for 2022/23 as outlined in paragraph 4.3 of the report be approved.