Decision

That Cyngor Gwynedd continues to act as the lead local authority for the Shared Prosperity Fund in north Wales until the end of the programme (30 September 2026) and completes its administration (01 January 2027).

That the Gwynedd Shared Prosperity Fund Panel continues until the revised end date of the Fund; with the Economy and Community Cabinet Member, the Finance Cabinet Member, and the Corporate Services and Legal Cabinet Member together with the Chief Executive, Head of Economy and Community, Head of Finance and the Head of Legal Services (or their representatives) as members.

That Cyngor Gwynedd agrees to act as the lead local authority for north Wales on behalf of the UK Local Growth Fund in Wales for the first year of the programme (2026/27).

That Cyngor Gwynedd agrees to continue the regional governance arrangements of the Shared Prosperity Fund for the purposes of the Local Growth Fund for the first year (2026/27), by submitting a plan outlining the intention to the Welsh Government.

The Head of Economy and Community – in consultation with the Head of Finance, Head of Legal Services and Chief Executive subject to 1.6 below was authorised to agree and complete the agreements with the government(s) for the purposes of carrying out the lead authority function.

The Head of Economy and Community Department was authorised - in consultation with the Head of Finance Department and the Head of Legal Services and the Chief Executive – to establish inter-authority legal agreements and funding conditions with the other north Wales authorities to protect Cyngor Gwynedd's interests.

That Cyngor Gwynedd agrees to continue the local governance arrangements for the purposes of the Local Growth Fund in Gwynedd as outlined in the report.