The Resource Allocation Sub (Policy and Resources) Committee is scheduled to meet on Tuesday, 27 January 2026, to discuss a range of financial and operational matters. Key topics include applications for the Community Infrastructure Levy Neighbourhood Fund, the allocation of On Street Parking Reserve funds, and the draft high-level business plan for the City Surveyor's Department.

Community Infrastructure Levy Neighbourhood Fund Applications

The committee is set to consider applications for the Community Infrastructure Levy Neighbourhood Fund (CILNF). This fund, established in 2014, reserves 15% of CIL receipts for neighbourhood projects. The report outlines the current position of the fund and seeks approval for a grant recommendation made by the CILNF Officer Panel in December 2025. This recommendation is for £212,365 to be awarded to the Ascension Trust over five years to support their Bridge Watch programme. This initiative aims to train volunteers to patrol City of London bridges and provide support to individuals at risk of suicide. The committee will also note grants approved under delegated authority since July 2025.

Allocation of On Street Parking Reserve (OSPR)

A report details recommendations for the allocation of funds from the On Street Parking Reserve (OSPR). The committee is asked to recommend an allocation of £150,000 per annum from 2026/27 onwards to the City Gardens revenue budget. This funding is intended to address a shortfall in maintaining the current staffing levels required for the essential maintenance of these green spaces. The report indicates that the OSPR reserve has a surplus position over the coming years, sufficient to cover this allocation. The funding is subject to a review after five years.

Draft High-Level Business Plan for the City Surveyor's Department

The committee will review the draft high-level Business Plan for the City Surveyor's Department for the period 2026-2031. This plan, aligned with the Corporate Plan 2024-2029, outlines the department's key activities, including its Real Estate Investment Strategy, the delivery of the Cyclical Works Programme, and the Corporate Property Asset Management Plan. The plan also details the department's contributions to major corporate initiatives such as the Climate Action Strategy. The committee is asked to note the factors considered in compiling the plan and to approve it, subject to any changes requested.

Other Matters for Discussion

The agenda also includes the agreement of public minutes from a previous meeting, the allocation of OSPR for Quarter 3 of 2025/26, and updates on the City Surveyor's Business Plan and Corporate and Departmental Risk Register. A portion of the meeting is designated for questions on matters relating to the sub-committee's work and any other urgent business the Chairman considers appropriate.

The latter part of the meeting will move into a non-public session to discuss sensitive financial matters, including the City Fund and City's Estate budgets for 2026/27, the Cyclical Works Programme funding requests for 2026/2027, and the Guildhall School of Music & Drama Cyclical Works Programme. Discussions will also cover the GLA London Business Visitor Centre, an operational property review, and an update on the Environment Department's operational property.