Purpose

To consider recommendations
from the UK Shared Prosperity Fund Assessment Panel.

Content

The Chief Executive, in
consultation with Cabinet Member for the Economy and Environment
resolved to APPROVE the allocation of the remaining funding from
the UK Shared Prosperity Fund and Rural England Prosperity Fund up
to £130,000 to the project to bring the Old Station building,
Cirencester back into use.

Reasons for the decision

The reason for this decision
was to enable the Council to make full use of the UK Shared
Prosperity and Rural England Prosperity Funding allocated to it by
Government and to deliver the outputs and outcomes set out in its
UKSPF Local Investment Plan.

Alternative options considered

The option of not allocating
the remaining funding was considered, and dismissed. It was noted
that this would have required the unspent funds to be returned to
the Government, which would have put the Council at risk of failing
to deliver the expected outputs and outcomes.