Issue - meetings

(i)         to approve the commitment of £10,000 from the existing Economic Development Service Project Development budget to Crowdfund Aberdeen.  Any additional funding will be subject to the Council forecast out-turn delivering a balanced budget for the year.  If this is not the case then this item may be refer to the budget process;

(ii)        to approve the proposed pledging process as outlined in this report; and

(iii)       to delegate authority to the Head of Economic Development, to approve the pledge of funding to individual projects.

With reference to article 38 of the minute of meeting of the Communities, Housing and Infrastructure Committee of 25 August 2016, the Committee had before it a report by the interim Director of Communities, Housing and Infrastructure which outlined the potential leverage and sought approval to commit £10,000 to Crowdfund Aberdeen from the existing Economic Development Service Project Development budget.  The report also sought approval of the process to pledge this funding onto projects which were supported.

The report recommended:-

that the Committee -

(a)       approve the commitment of £10,000 from the existing Economic Development Service Project Development budget to Crowdfund Aberdeen.  Any additional funding will be subject to the Council forecast out-turn delivering a balanced budget for the year.  If this is not the case then this item may be refer to the budget process;

(b)       approve the proposed pledging process as outlined in the report; and

(c)        delegate authority to the Head of Economic Development, to approve the pledge of funding to individual projects.

The Committee resolved:-

to approve the recommendations.