Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: May 19, 2025

Purpose: The Shared Prosperity Fund (SPF) is the Government’s domestic replacement for the European Structural and Investment Programme.  All areas of the UK are receiving an allocation of SPF funding calculated by a funding formula where the funding available to Fenland District is for SPF £279k over a transitional one-year period 2025-26. Two SPF projects have been approved by the Cambridgeshire and Peterborough Combined Authority, a continuation of the business grant scheme Investment in Business with a budget of £220k and the Firebreak and Anti-Social Behaviour project with a budget of £59k.

Content: AGREED to accept Shared Prosperity Funding from the Cambridgeshire and Peterborough Combined Authority for a one-year period 2025-26.