Agenda item

To receive and consider a revised Subsidised Letting Policy.

The Committee received and considered a draft policy for the allocation of subsidised letting grants by the Council.

Members welcomed the policy, which had been requested at the previous meeting in response to the oversubscription of this year’s budget. The policy would help prioritise funding requests and provide the Committee with greater flexibility to allocate funds based on community benefit. It was agreed that a point should be added to ensure funding approvals took place at the bi-annual meetings with a percentage of budget limits, helping to preserve funds for the latter part of the year.

It was also noted that hall hire costs had risen in line with inflation in recent years, while the budget allocated for this financial support had remained unchanged.

Resolved:

That, the Subsidised Letting Policy, subject to the above amendment with wording delegated to the Deputy Town Clerk, be approved and reviewed after one year.