Issue details

Decision type: Key

Reason Key: Affects more than 1 ward;

Decision status: Abandoned

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: 23 Jul 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

Department: Delivery

Contact: Bobby Mulheir, Assistant Director: Customer Experience, Digital & IT Email: bobby.mulheir@bracknell-forest.gov.uk Tel: 01344 352096.

Consultation process

Consultees

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.