Decision details

1.     That the UK Shared Prosperity Fund (UKSPF) Prospectus and UK Shared Prosperity Fund Allocations be noted.

2.     That the list of potential projects and indicative UKSPF allocation as outlined in Table 2 of report CAB3356 be noted, to be funded from the Council’s allocation of the UK Shared Prosperity Fund.

3.     That authority be delegated to the Corporate Head of Service: Economy & Communities, in consultation with the Cabinet Member for Business and Culture, to take the necessary decisions and actions required to submit an investment plan and accept the allocation of funds.

4.     That authority be delegated to Corporate Head of Service: Economy & Communities to implement and administer the scheme and all related plans in accordance with the requirements and priorities of the prospectus and fund.

5.     That use of the available £20,000 to undertake initial preparatory work for the UKSPF be authorised, including developing the local investment plan for submission.

6.     That use of the UKSPF 4% administration allocation to support the productive delivery and administration of the fund be authorised.