Decision Maker: Cabinet

Outcome: For Determination

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: March 2, 2026

Purpose: To facilitate financial management and control of the Council's finances

Content: RESOLVED:   3.1  The overall financial position of the Council as at December 2025 in particular the overspend and the initiatives set out to mitigate this, was noted.   3.2  Approval for the Council to enter into a Section 75 Partnership Agreement with the Homerton Healthcare NHS Foundation Trust to support transformation initiatives in City and Hackney.   3.3  Authority was delegated to the Group Director of Finance and Corporate Resources to disburse the funding in accordance with the Section 7 agreement in conjunction with the Group Director Children & Education.   Reason(s) for Decision    To facilitate financial management and control of the Council's finances.   To create an agreement for further integration with our key health partner in the borough and facilitate the transfer of funds to the London Borough of Hackney via a Section 75 agreement to support transformation activities which align with the strategic priorities of the City and Hackney Place Based Partnership.