Content

11.1

The
committee considered a report providing a progress update in
respect to the UK Shared Prosperity Fund (SPF) programme in
Sheffield. In doing so the report also highlights concerns about
the lack of certainty in relation to what might replace SPF from
April 2025. Page 5

 

 

11.2

RESOLVED UNANIMOUSLY:
That the Economic Development and
Skills Policy Committee:-
 

1.   
Notes the progress of the UK Shared Prosperity Fund programme in
Sheffield and

2.   
Shares the concerns raised in respect to future funding for
economic development activity.

 

 

11.3

Reasons for Decision

 

 

11.3.1

This report provides
Committee with a full update of the UKSPF programme to date and
confirms that funding is available to complete all project activity
through to March 2025.

 

 

11.3.2

The report provides an
opportunity to highlight concerns about the ability to deliver
similar activity in the future given no current indication of what
will replace UKSPF in 25/26.

 

 

11.4

Alternatives Considered and
Rejected

 

 

11.4.1

The
provision of an update report does not require an options
assessment.