Decision details
VCFSE Investment Fund (One Oldham Fund)
PDF 127 KBDecision Maker: Cabinet Member - Adults, Health and Wellbeing
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Decision to invest Covid Outbreak Management
Fund (COMF) into the One Oldham Fund.
Decision:
A further £300,000 of COMF funding is
used to extend the One Oldham Fund, for £270,000 of grants to
the VCFSE and £30,000 allocated to Action Together to support
delivery of the fund. This is recommended as the investment will
enable Voluntary, Community, Faith and Social Enterprise (VCSFE)
sector to deliver activities which improve the health and wellbeing
of residents.
Reasons for the decision:
Option 1 - A further £300,000 of COMF
funding is used to extend the One Oldham Fund, for £270,000
of grants to the VCFSE and £30,000 allocated to Action
Together to support delivery of the fund. This is recommended as
the investment will enable Voluntary, Community, Faith and Social
Enterprise (VCSFE) sector to deliver activities which improve the
health and wellbeing of residents.
Option 2 – No investment is made from COMF into the One
Oldham Fund this year. This may result in the fund ceasing to
operate if there is no alternative investment identified. This will
mean there is less capacity in the VCFSE sector to deliver
activities which improve the health and wellbeing of
residents.
Alternative options considered:
Option 2 – No investment is made from
COMF into the One Oldham Fund this year. This may result in the
fund ceasing to operate if there is no alternative investment
identified. This will mean there is less capacity in the VCFSE
sector to deliver activities which improve the health and wellbeing
of residents.
Reason Key: Expenditure > £250,000 (Significant expenditure or savings);
Corporate Priorities : Thriving Communities where everyone is empowered to do their bit;
Other reasons / organisations consulted
None
Contact: Rachel Dyson, Thriving Communities Hub Lead Email: rachel.dyson@oldham.gov.uk Email: rachel.dyson@oldham.gov.uk.
Publication date: 05/12/2023
Date of decision: 05/12/2023
Effective from: 14/12/2023
Accompanying Documents:
- One Oldham Fund
- One Oldham Fund Impact Report 2223.pdf