Purpose

On 9 December 2024, Cllr Peter McDonald, Lead Cabinet Member for Economic Development, and Cllr John Williams, Lead Cabinet Member for Resources assessed the scoring matrix for the applications received under the UK Shared Prosperity Fund, Small Business Grants scheme.

Due to the high level of applications received the twenty-two highest scoring were recommended for approval, taking into consideration the funding allocation available of £100,000 with the two lowest scoring applications receiving a percentage of the grant amount they requested.

One successful applicant has since been withdrawn from the scheme meaning that a small amount has become available for re allocation.

After consideration, Cllr Peter McDonald and Cllr John Williams agreed that the two applications who only received a proportion of their grant application should be funded with a top up to their full original grant amount requested.

Therefore, they agreed:

Polly Hart Photography, Cambourne – to receive a further £1578 top up to the original grant of £2449.00 to award the full original grant amount requested of £4,027.00.

Pheonix Clearance & Removals, Waterbeach – to receive a further £1326.33 top up to the original grant of £3673.67 to award the full original grant amount requested of £5,000

Decision

Polly Hart Photography, Cambourne – to receive a further £1578 top up to the original grant of £2449.00 to award the full original grant amount requested of £4,027.00.

Pheonix Clearance & Removals, Waterbeach – to receive a further £1326.33 top up to the original grant of £3673.67 to award the full original grant amount requested of £5,000

Reasons for the decision

The re allocation was presented to the Lead Cabinet Member for economic development and the lead Cabinet member for resources for consideration prior to approval.

Alternative options considered

To reject or vary the recommendations  or defer a decision if further information is required from grant applicants.