Purpose

To
endorse a proposal for Dorset Shared Prosperity Fund to be extended for an
additional year following government allocation of an additional £1.4 million
for FY 2025-2026.

Content

(a)   
That the Dorset Shared Property Fund Investment
Plan Addendum, as attached in Appendix 1 of the report to Cabinet of 28 January
2025, be endorsed.

 

(b)   
That authority be delegated to the Executive Director
for Place, in consultation with the Cabinet Member for Property, Assets and
Economic Growth, to implement the Investment Plan Addendum.

 

Reason for the decision

 

To support delivery of the Council Plan priorities of

·      
Grow our economy

·      
Communities for all

·      
Respond to the climate and nature crisis

 

And to facilitate use of the funding allocated by government
to benefit Dorset residents, communities and businesses.