Issue - decisions

Received a report outlining the current position of the London Boroughs Grants Scheme and the proposal by the Corporation of London to take on the designated council function from 31 March 2004 as the London Borough of Richmond-upon-Thames has given notice of its withdrawal from this position.

The report also deals with the Grants Scheme budget for 2004 / 2005, which represents a 4.3% reduction in Borough contributions compared to this year.

Agreed to:

1. The variation to the Association of London Government (ALG) Agreement, as set out in the Appendix to the report, to enable the London Boroughs Grants Scheme to continue from 1 April 2004;

2. The Grants Scheme budget for 2004 / 2005 as set out in Section 3 of the report; and

3. Endorse the Chief Executive’s response to the ALG dated 4 December 2003.