That the Strategic Director of Resources
1. Approves the variation of the contract for the Family Fund payment system with Family Fund Trading Ltd for a period of two years from 4 March 2025 at an estimated cost of £1,730,000 inclusive of VAT.
2. Notes that most of the contract value noted in paragraph 1 is in relation to the value of funds distributed through the Family Fund system, previously authorised in the original Gateway 2, and that Family Fund Trading Ltd retain only the system portal and administrative fees, which during the two-year extension period are forecast to total £30,000.