UKSPF and Inward Investment
March 12, 2025 Cabinet (Cabinet collective) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Melton Cabinet approved recommendations on 12 March 2025. The Cabinet noted the report's contents and delegated authority to the Director for Place and Prosperity to enable delivery of the UK Shared Prosperity Funding programme by the end of the 2025/26 financial year. They also endorsed and approved the Inward Investment Strategy, allocating £42,500 from the Regeneration and Innovation Reserve to support its delivery.
Full council record
Purpose
To consider an investment strategy/design guide
Decision
Cabinet:
- NOTED the contents of the report.
- DELEGATED authority to the Director for Place and Prosperity, in consultation with the Leader, to undertake any actions required to enable delivery of the UK Shared Prosperity Funding programme (UKSPF) by 2025/26 financial year end.
- DELEGATED authority to the Director for Place and Prosperity to enter into any agreements that are required to support the successful delivery of the UKSPF year-4 activity.
- ENDORSED and APPROVED the Inward Investment Strategy and DELEGATED authority to the Director for Place and Prosperity, in consultation with Portfolio Holder for Town Centre, Growth and Prosperity to make any minor amendments to the strategy that my be required following the current period of consultation.
- APPROVED the allocation of £42,500 from the Regeneration and Innovation Reserve to support delivery of Inward Investment Strategy and other related priorities outlined in Section 5.9 of this report.
Related Meeting
Cabinet - Wednesday, 12th March, 2025 4.30 pm on March 12, 2025
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 12 Mar 2025 |
| Effective from | 19 Mar 2025 |
| Subject to call-in | Yes |