Decision

1.     To agree to the continuation of the UK Shared Prosperity Fund's regional governance procedure  for the 2025/26 transitional year, and authorise the Head of Economy and Community Department - in consultation with the Head of Finance, Head of Legal Service and the Chief Executive - to confirm the arrangements.
2.     To agree to continue with the UK Shared Prosperity Fund's local governance arrangements in Gwynedd for the 2025/26 transitional year.
3.     To agree that it is required for every scheme in Gwynedd, which receives funding from the Shared Prosperity Fund, to realise two principles, namely:
4. a.        That targeted efforts are made to ensure that SPF money and the resulting benefits are beneficial to communities and residents in all parts of Gwynedd
5. b.        That targeted efforts are made to encourage activities (and organisations), that have not previously received funding, to obtain access to support.
6.     To agree to evolve and adapt activities from the existing projects and extend then for the transitional year, in accordance with the principle of the UK Government that the 2025/26 funding of the Shared Prosperity Fund is an extension of the 2022/24 to 2024/25 period, which transitions to a new funding procedure.
7.     To ask the Shared Prosperity Fund Panel to give detailed consideration to the individual schemes being considered for the Gwynedd allocation of the Shared Prosperity Fund, and present a recommendation back to the Cabinet on the individual allocations.
8.     Within the £7,900,000 budget, to agree to the continuation of four funds (with a total budget of approximately £2.29 million) to distribute smaller sums of Shared Prosperity Fund money to the county's enterprises and communities, authorising the continuation of three funds under Cyngor Gwynedd's control.