DD1212 Well London Programme: Variation of 2013-15 grant funding agre
In 2012, Big Lottery awarded the Well London programme funding of £486k to sustain the benefits of the programme over 2012-13. This enabled a second phase to go ahead in nine areas. In May 2013 the Lottery announced a further award for Well London of £1.8m to March 2015.
With Big Lottery approval, and under cover of DD1046 and ADD61, the 2012-13 grant was extended to September 2013, and again to December 2013 (the second extension related to six areas which had forecasted underspends and/or project slippage). However, following ADD61, variations were not made to the 2012-13 funding agreements and these expired at the end of September 2013.
In the Lambeth target area, there was underspend at the end of September 2013 of £12,741 from the 2012-13 funding, due to project slippage which was not included in ADD61.
Approval is now sought for the variation and amendment of the 2013-15 funding agreements approved under cover of MD1206 to include sums totalling £41,796 from the 2012-13 funding award. Under DD1046 funding agreements were extended to 30 September 2013, and underspends at this point were £51,614. Therefore, approval is sought by way of a Directors’ Decision.