Content

RESOLVED
 

(1)     
That Cabinet approve the proposed North East Derbyshire 2025-26
UKSPF programme.

 

(2)      That approval of variations to the
final Investment Plan is delegated to the Director of Finance and
Resources and Section 151 Officer, in consultation with the Leader,
Portfolio Holder for Growth and Assets and Managing Director,
should amendments be required by EMCCA.

 

(3)      That Cabinet agree that NEDDC remains
the accountable body for the multi-Authority Derbyshire Accelerator
contract for 2025-26, subject to receiving a 4% administrative
contribution from participating Local Authorities.
 
REASONS FOR DECISION 
 

(1)     
Approval of the Investment Plan will enable timely submission of a
balanced programme of activity that can respond at pace to meet the
needs of the District and accesses additional investment of
£1,050,067 UKSPF resources for local
determination.

 

(2)     
Delegating responsibility to the Director of Finance and Resources
and Section 151 Officer, in consultation with the Leader and
Managing Director, to approve any amendments to the final
Investment Plan submission enables any requirements raised by EMCCA
to be addressed at pace.

 

(3)     
Extending the Councils leadership of the Derbyshire Accelerator
contract ensures continuity of the business advisors and programme
currently working in the localities, derisking the concern that
skilled and experienced support will be lost to the local business
base.
 
OTHER OPTIONS CONSIDERED AND REJECTED 
 

(1)     
Not to approve the proposed Investment Plan. The Plan has been
developed and based upon engagement with officers and stakeholders
in terms of what activity can realistically be delivered at pace
and ensure appropriate positive impact within the 12-month
operational period. Budget allocations are based upon experience
and identified costs. Approving the Investment Plan would enable
access to UKSPF resources for local benefit.

 

(2)     
Not to delegate the authority to approve necessary amendments to
the Director of Finance and Resources and Section 151 Officer, in
consultation with the Managing Director, Portfolio Holder for
Growth and Assets and Leader of the Local Authority, would result
in delivery delays which could impact the success of activity
currently being mobilised subject to final approval by EMCCA. The
UKSPF Investment Plan will support cross-District, cross-Portfolio
activity and be compliant with established financial regulations.
It is prudent that the Section 151 Officer has this responsibility
should it be required.

 

(3)     
To withdraw the Council’s role as accountable body for the
Derbyshire Accelerator would destabilise the continuity of quality
business support at a time when it is particularly required by the
sector.

 
This was a
Key Decision.  The call-in period for
this decision will run until Monday 10 March 2025