Council of the Future Wave 1 was supported by a Change Fund of £700k in 2018/19 to ensure the delivery of change and savings. This has now been fully allocated and has supported the implementation of transformational change across Services.
To enable the ongoing transformation of the Council and deliver on the Medium Term Financial Plan savings set out over the next 5 years, the Change Fund will hold a value of £1m for 2019/20.
The approval process for awarding any investment from the Change Fund is already part of the Council of the Future governance framework and this protocol will continue.
Investment from the Change Fund will be awarded primarily to priority projects within the change programme, with consideration to commissioning external support as required to drive transformation.
Priority projects will be determined by a framework of principles based on:
- High value savings or income generation projects
- Projects with community empowerment or council priority benefits
- Projects with investment requirements