Purpose

This report concerns the announcement of allocations of a further year of UK Shared Prosperity Fund (UKSPF) with a budget allocation to Cheshire East of £3,790,237 for 25/26. It outlines recommended measures to ensure the Council can deliver impactful initiatives utilising the funding and seeks a decision from Corporate Policy Committee to recommend to Full Council on 26 February 2025 that the 25/26 grant allocation is accepted, that a programme of initiatives to be funded is approved and that delegations are put in place to enable agile fund management.