SPF Year 3 Project Recommendations - Change in a Project Approval for E1

January 22, 2025 Deputy Leader of the Council and Economic Growth, Regeneration & Tourism Portfolio Holder, Leader of the Council and Corporate Finance & Governance Portfolio Holder (Cabinet member) Key decision Awaiting outcome View on council website

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Summary

The Deputy Leader of the Council and Economic Growth, Regeneration & Tourism Portfolio Holder, Leader of the Council and Corporate Finance & Governance Portfolio Holder decided on 22/01/2025 to approve a further project for year 3 of the UK Shared Prosperity Fund. This decision allocates £6,000 of remaining underspend from the external shop front grant scheme to support internal shop capital works.

Full council record

Decision

To approve a further project for year 3 of the UK Shared Prosperity Fund (UKSPF), following the most recent Decision dated 6th January 2025.

The previous Decision related to a change in a project approval for E13 due to no suitable projects coming forward. 

This further Decision makes recommendations for £6,000 of the remaining underspend from the external shop front grant scheme in intervention E to support internal shop capital works.

Reasons for the decision

Reallocated funding between interventions has been based on moving funding to interventions which have proven more popular, to allow the funding to be more impactful across the District

Alternative options considered

With limited time remaining to allocate the UKSPF, and no further opportunity to carry funding forward, projects must be approved to allow them sufficient time to deliver before the final deadline (March 2025). Any funding unallocated will need to be returned to Central Government at that time.

Details

Decision date22 Jan 2025
Effective from30 Jan 2025
Subject to call-inYes