Borough of Rochdale Fund

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Borough of Rochdale Fund

• BACKGROUND AND BENEFITS TO THE LOCAL AUTHORITY

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BOROUGH OF ROCHDALE FUND

• BACKGROUND
• Formally launched in November 2005
• Rochdale MBC first in the country to adopt this
  approach
• Other GM authorities with own fund in 2008
  Manchester, Stockport, Trafford
• Provides a sustainable legacy for the people of
  Rochdale Borough

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COMMUNITY FOUNDATION FOR GREATER MANCHESTER

• WHY CHOOSE CFGM AS OUR PARTNER?
• GRANTS
• Manages 61 funds on behalf of government,
  business and wealthy individuals
• Proven grant giver
• Accommodates disparate requirements and criteria
• Has the infrastructure to support applicant
  groups and local decision making panels
• Enables Rochdale Borough groups to access whole
  range of funds as appropriate.

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COMMUNITY FOUNDATION FOR GREATER MANCHESTER

• ENDOWMENT
• Access to expert investment advice and services
• Economies of scale maximise investment return for
  Borough of Rochdale Fund
• Access to expert advice on charity regulations re
  finance

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BOROUGH OF ROCHDALE FUND

• BENEFITS
• Maximised use of previously dormant funds under
  local authority control
• Enables local people and businesses to donate and
  benefit their immediate local area/community
• Is an established, recognised fund to manage
  local or government initiated grants e.g. Grass
  Roots Grants and endowment, SRB Community Chest,
  NRF

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BOROUGH OF ROCHDALE FUND

• BENEFITS
• Streamlines disparate funds and processes
• Identifies single point of contact and manages
  all adminstration, queries, support and advice.
• Partnership with CFGM enables learning from other
  local authorities
• Works with local partners to identify and deliver
  maximum publicity

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BOROUGH OF ROCHDALE FUND

• GOVERNANCE
• Agreed terms of reference
• Steering group brings partners together with a
  common purpose
• Partners identified who can help maximise
  potential of the fund for the future
• Decision making panel made up of local people,
  managed by CFGM to ensure objectivity/no
  conflicts of interest

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