Purpose

To seek approval for the reallocation of UKSPF
funds to fund schemes in the Capital Programme.

Decision

The Leader and Executive Member
of Community Development and Prosperity, Councillor Biggs,
introduced the Capital Spending Proposal: Year 3 of the UK Shared
Prosperity Fund (2024/25). The authority has received a £1
million allocation from the Government’s UK Shared Prosperity
Fund.  This three-year programme will
complete in March 2025 and is being delivered according to a UKSPF
Investment Plan agreed with government.
 
The
Council has an opportunity to spend approximately £40k of the
allocation on additional energy efficiency improvements at its
temporary accommodation properties.  A
£30k allocation in Year 2 has already provided improvements
at several properties such as loft insulation, double glazing, and
upgraded heating system.
 
The
Project Manager has confirmed that an additional £40k could
be spent in 2024/25 to deliver environmental benefits at more
temporary accommodation properties. This would require the
conversion of £40k in unspent UKSPF Revenue allocation to
Capital.
 
Therefore, approval was sought for an additional £40k to
be added to the approved Capital Programme for 2024/25.
 
There were no further Executive Member questions.
 
Visiting Member made no observations.
 
The Leader thanked the Head of
Economic Prosperity, Simon Bland, and his team for their work on
these projects.
 
 
RESOLVED
– that the Executive
 
(i)            
Note the recommendation to Council to allocate an additional
£0.040m to the Capital Programme for 2024/25. This is to
enable full use of the funding received via the UK Shared
Prosperity Fund (UKSPF).
(ii)          
Recommend that Council: Approve an addition of £0.040m to
the Capital Programme for 2024/25. This is to enable full use of
the funding received from the UK Shared Prosperity Fund
(UKSPF).