Issue - decisions

RESOLVED:       That Cabinet agree to:

i)          Approve a grant contribution of up to £50k to be allocated from the Economic Infrastructure Fund towards the development of the South Yorkshire Credit Union.

ii)        Note that the £50k allocated from the EIF is included in the £300k being recommended within the financial inclusion policy report, also included on this agenda.

iii)       Recommend appointment of an officer with ‘observer status’ to monitor the work of the new Union by attendance at Credit Union Board Meetings.

REASON:        In order to promote a Credit Union offering in North Yorkshire and York in line with the Council’s Plan to ‘build stronger communities’ and ‘grow the economy’