Agenda item

Growth Fund 2018/19

Minutes:

The Growth Fund 2018-19 outturn report highlighted the underspend, the main reason being the underwriting fees of £203,000 for Grove Academy, which was less than agreed by Schools Forum.

It was confirmed that all underspend would be rolled forward into 2019-20 and it was anticipated the underspend would be £164,000 at the end of 2019-20.  A number of contingencies had been allowed for although these could be affected by unknown factors.

Schools Forum NOTED the contents of the Growth Fund 2019-19 outturn report and AGREED the underwriting for Grove of £90,000 to £25,000 (2018-19) and the maximum from £60,000 to £90,000 (2019-20).

 

Supporting documents: