Non-confidential facts and advice to the Deputy Mayor for Policing and Crime (DMPC)
1. Introduction and background
1.1. This grant agreement provides the London Digital Security Centre (LDSC) with funds over the period to March 2017. These funds are limited to a maximum total of £327,900 and payments will be adjusted for any costs incurred by or settled by MOPAC during the grant period.
1.2. Unusually, DMPC is being asked to sign the agreement on behalf of MOPAC because the COO occupies a position of the board of the LDSC and to avoid any potential conflicts of interest.
2. Issues for consideration
2.1. The creation of the LDSC is a principal objective of the Mayor’s Business Crime strategy
3. Financial Comments
3.1. The total budget available for 2015/16 – 2016/17 will be £327,900. Of which £145,297 relates to costs that MOPAC will meet directly and the remaining balance of £182,603 will be paid in the form of a grant as set out in the grant agreement. An analysis of the funds being made available in the grant is at page 20 of the grant agreement (the grant agreement is at Appendix A). At the end of the grant period it is intention that the LDSC will be self funding.
4. Legal Comments
4.1. The grant agreement contains standard MOPAC terms and conditions
5. Equality Comments
5.1. The LDSC is a company limited by guarantee but will be part-funded by MOPAC until March 2017
5.2. The LDSC board has approved an ethical standards framework which meets with MOPAC’s approval