fbpx

A Bold Step on the Journey to Fairer Funding for People of Barking & Dagenham

This week, BD Giving welcomed 12 local people to an online event marking the launch of a Community Steering Group
Community Steering Group (CSG) A group of local people who give their time and ideas to make Barking & Dagenham Giving’s community-led investment fund a success, now and for future generations.
 , which is set to change the ways decisions about funding are made in the borough. The Community Steering Group is an advisory group made up of 12 people that have a stake in the future of Barking & Dagenham. Their role over the next 9 months is to assist the staff and trustees of BD Giving in determining the direction it takes with funding projects, including the investment policy
Investment Policy A strategic document that outlines how an organisation will manage their investment assets (the “Portfolio”), with often a set of financial (and sometimes impact) objectives and boundaries.
for the Community Endowment Fund and BD Giving’s Local Fund.
FundA way for people to combine their money and invest together.

Sharing decision making power

The Community Steering Group is the next bold step for BD Giving in its drive to shift decision making powers towards the community. 

BD Giving is a participatory funder, which simply means it believes the people who are affected by funding decisions should be the ones making those decisions. In the last two years they have awarded grants
GrantA gift of money with no expectation of paying it back. Sometimes, there are certain ‘conditions’ or requirements attached to the money. In other cases, there are not.
totalling £200,000 using ‘participatory’ decision making.  

Participatory decision-making involves the people who would be affected by the decision, or who have special insight pertinent to the decision.

“Together we are going to share an experience that will transport us to the heart of what sharing power and decision-making means. This isn’t always going to be easy or comfortable, but we’re convinced it will be a unique and rewarding experience for all of us – and I for one, can’t wait to get stuck in!”

Géraud de Ville de Goyet, CEO of BD Giving

About the welcome event

The first meeting was hosted by BD Giving’s Learning & Participation Manager, Cameron Bray. 

Cameron described the journey the group will go on together and introduced them to the Curiosity Society – the agency selected to educate the group on the world of financial investments. Cameron explained to the group that while BD Giving has experience with participatory grant making
Participatory grantmaking People who are affected by funding decisions choose how that money is spent. At BD Giving, residents of Barking & Dagenham decide how to use the money for their area.
, the CSG a completely new experience for everyone involved. The group also discussed their Terms of Reference, which will now be renamed and adjusted to better reflect the hopes and expectations of the group.

About the Community Steering Group

The steering group is currently made up of 12 people who will meet monthly to co-design the investment policy, as well as the framework for other funds, and a model for future steering groups. 

The group – all of whom are resident in the borough – will:

  • draw on their experience of Barking & Dagenham to shape the funds;
  • use decision-making techniques and tools to find a way forward that includes all voices in the group;
  • be accountable to the community for the decisions they make together.

In return they will be part of a unique opportunity to make a real difference in their borough. They’ll receive training and support around group decision-making, community engagement, and understanding finances. The members will also be paid at London Living Wage for their time. 

After 9 months, a new set of members will be recruited to give more local people the chance to participate in transforming the future of funding in Barking & Dagenham.

Accessible version of the CSG journey timeline

In terms of its scale and potential impact
Impact Means the changes to the world we expect to see because of an investment. This could be numbers of people helped, the amount of change or the creation of things that make the world better. This is not exclusive to investment or finance.
, it far outstrips anything BD giving has done before and the model for the steering group is unique; there is no blueprint for the work in this country. The members of the group, with support from BD Giving and Curiosity Society will be, working together to design a way of working guided by a vision of a more prosperous Barking & Dagenham. What that looks like is up for the group to decide together.

Find out more...

BD Giving will be sharing news from the Steering Group after each monthly meeting, and the members themselves have committed to share what they learn with the wider community. 

To keep up to date with the work of the Community Steering Group register for BD Giving’s emails HERE.

Want to know more about this?

CONTACT US

More news

More notes

This week, BD Giving welcomed 12 local people to an online event marking the launch of a Community Steering Group
Community Steering Group (CSG) A group of local people who give their time and ideas to make Barking & Dagenham Giving’s community-led investment fund a success, now and for future generations.
 , which is set to change the ways decisions about funding are made in the borough. The Community Steering Group is an advisory group made up of 12 people that have a stake in the future of Barking & Dagenham. Their role over the next 9 months is to assist the staff and trustees of BD Giving in determining the direction it takes with funding projects, including the investment policy
Investment Policy A strategic document that outlines how an organisation will manage their investment assets (the “Portfolio”), with often a set of financial (and sometimes impact) objectives and boundaries.
for the Community Endowment Fund and BD Giving’s Local Fund.
FundA way for people to combine their money and invest together.

Sharing decision making power

The Community Steering Group is the next bold step for BD Giving in its drive to shift decision making powers towards the community. 

BD Giving is a participatory funder, which simply means it believes the people who are affected by funding decisions should be the ones making those decisions. In the last two years they have awarded grants
GrantA gift of money with no expectation of paying it back. Sometimes, there are certain ‘conditions’ or requirements attached to the money. In other cases, there are not.
totalling £200,000 using ‘participatory’ decision making.  

Participatory decision-making involves the people who would be affected by the decision, or who have special insight pertinent to the decision.

“Together we are going to share an experience that will transport us to the heart of what sharing power and decision-making means. This isn’t always going to be easy or comfortable, but we’re convinced it will be a unique and rewarding experience for all of us – and I for one, can’t wait to get stuck in!”

Géraud de Ville de Goyet, CEO of BD Giving

About the welcome event

The first meeting was hosted by BD Giving’s Learning & Participation Manager, Cameron Bray. 

Cameron described the journey the group will go on together and introduced them to the Curiosity Society – the agency selected to educate the group on the world of financial investments. Cameron explained to the group that while BD Giving has experience with participatory grant making
Participatory grantmaking People who are affected by funding decisions choose how that money is spent. At BD Giving, residents of Barking & Dagenham decide how to use the money for their area.
, the CSG a completely new experience for everyone involved. The group also discussed their Terms of Reference, which will now be renamed and adjusted to better reflect the hopes and expectations of the group.

About the Community Steering Group

The steering group is currently made up of 12 people who will meet monthly to co-design the investment policy, as well as the framework for other funds, and a model for future steering groups. 

The group – all of whom are resident in the borough – will:

  • draw on their experience of Barking & Dagenham to shape the funds;
  • use decision-making techniques and tools to find a way forward that includes all voices in the group;
  • be accountable to the community for the decisions they make together.

In return they will be part of a unique opportunity to make a real difference in their borough. They’ll receive training and support around group decision-making, community engagement, and understanding finances. The members will also be paid at London Living Wage for their time. 

After 9 months, a new set of members will be recruited to give more local people the chance to participate in transforming the future of funding in Barking & Dagenham.

Accessible version of the CSG journey timeline

In terms of its scale and potential impact
Impact Means the changes to the world we expect to see because of an investment. This could be numbers of people helped, the amount of change or the creation of things that make the world better. This is not exclusive to investment or finance.
, it far outstrips anything BD giving has done before and the model for the steering group is unique; there is no blueprint for the work in this country. The members of the group, with support from BD Giving and Curiosity Society will be, working together to design a way of working guided by a vision of a more prosperous Barking & Dagenham. What that looks like is up for the group to decide together.

Find out more...

BD Giving will be sharing news from the Steering Group after each monthly meeting, and the members themselves have committed to share what they learn with the wider community. 

To keep up to date with the work of the Community Steering Group register for BD Giving’s emails HERE.

Get email updates about our latest news, funding, and other opportunities.​

JOIN US
Local people
at the heart of
decision making.

Write to us

BDGiving
50 Cambridge Road
Barking, Essex
IG11 8FG

Linkedin X-twitter Facebook

Links

News
Podcast
Contact
Data Protection Policy
Annual Report

DATA PROTECTION POLICY

© Barking and Dagenham Giving.  All rights reserved.

Made by erjjio

Barking and Dagenham Giving is supported by City Bridge Trust, the funding arm of The City of London Corporation’s charity, the Lankelly Chase Foundation and the National Lottery Community Fund. Barking and Dagenham Giving is registered in England | Registered number: 9922379 – Charity number: 1166335 | Registered office: 50 Cambridge Road, Barking, Essex, IG11 8FG