Purpose

At the Cabinet meeting held 20
February 2023, Members considered a report titled “UK Shared
Prosperity Fund” and agreed to recommend:
 
“The legal, financial and governance arrangements in
relation to the administration of Fenland District Council’s
SPF allocation as set out in this report”.
 
These arrangements included a
grant decision making process utilising the Economic Growth Team,
North Cambridgeshire Place Development Board (PDB) and the
Council’s Prosperity Fund Grants Team. From January 2024 the
PDB was no longer operational and its role in the grant decision
making process needs filling with a suitable replacement
organisation.