To set out the proposed protocol for how the Community Reserve can be spent (report of the Executive Director Place enclosed).
Consideration was given to the report of the Executive Director - Commercialisation (S151) which outlined a proposed protocol for how the South Holland Community Reserve would be used to provide loans to Parish Councils for capital works.
a) That the proposed Protocol as set out in the report be agreed.
b) That the arrangements set out at 5.3.1 that were required to enact this decision be noted.
(Other options considered:
· To do nothing.
Reasons for decision:
· Significant benefits would be brought to South Holland residents by utilising the Community Reserve in the way set out in the report. It would enable the council to support Parish Councils to invest in their communities in a sustainable way).