To sign off a new 3-year SLA between Bracknell
Forest Council and South Hill Park Trust
Decision type: Key
Reason Key: Affects more than 1 ward;
Decision status: For Determination
Wards affected: (All Wards);
Notice of proposed decision first published: 04/12/2018
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
Contains information relating to the financial affairs of South Hill Park Trust
Decision due: 12 Feb 2019 by Executive Member for Culture, Resources and Public Protection
Lead member: Executive Member for Culture, Resources and Public Protection
Lead director: Executive Director: Delivery
Contact: Bobby Mulheir, Assistant Director: Customer Experience Email: email@example.com Tel: 01344 352096.
Making Representations: In writing to Director of Delivery
Financial Impact: The SLA will specify the level of annual grant for a three year (2019-2022) period that BFC will provide to SHPT to support the delivery of an arts programme which supports BFC’s own strategic objectives. The Arts Review Transformation programme has already led to a significant reduction of £244,000 in the value of the annual grant award between 2016/17 and 2019/20. The existing budget is set to deliver a grant of £194,000 in 2019/20. The SLA will also agree the release of a £68,000 interest free loan to be paid back over 20 years. This will allow SHPT to finish the redevelopment of a function room to enable greater commercial income generation, thereby supporting their improved financial self-sufficiency.
Reason the item will considered in private: Paragraph 3 - Information relating to financial or business affairs.
Document(s) to be considered: SLA report prepared by Activist following consultation with BFC and SHPT.