This report seeks to formally establish a
budget to provide some capacity to deliver new savings and
efficiencies for 2019/20 and beyond. It is proposed, initially that
£1m is earmarked from the Service Improvement Reserve to
create a specific Venture Fund to pump prime savings initiative and
/ or provide implementation capacity to enable savings or income
generation schemes to be delivered successfully. The operation of
the fund is set out in the report to ensure that the funding is
allocated fairly and that the rationale for using this funding is
sound and robust
Decision type: Key
Reason Key: Budget expenditure of £500,000 or more that is in the budget presented to Council;
Decision status: Recommendations Approved
Notice of proposed decision first published: 30/05/2019
Decision due: 26 Jun 2019 by Executive Cabinet
Lead member: Executive Member for Finance and Economic Growth
Department: Finance
Contact: Tom Wilkinson, Assistant Director of Finance Email: tom.wilkinson@tameside.gov.uk.