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Cabinet considered recommendations 1, 3 and 4
in open session and resolved to exclude the press and public for
consideration of recommendation 2.
 
RESOLVED:
 
1. Approve alignment of 2025/26 UKSPF
investment with the West Norfolk Economic Strategy.
 
3. Approve proposals in Section 4 for
investment of REPF funding for 2025/26 should an additional
allocation be awarded.
 
4. Delegate authority to the Assistant
Director for Regeneration, Housing & Place in consultation with
the Portfolio Holder for Business to approve budget allocation
variations (including removal of any ongoing funding for at risk
projects) of UKSPF funding for 25/26 to ensure fulfilment of
spend.
 
Reason for
Decision:
 
To ensure timely and impactful delivery of the
additional year of UKSPF funding stream in line with government
guidance, the West Norfolk Economic Strategy, the West Norfolk
Investment Plan and Corporate Business Plan objectives. To also
enable swift commencement of a REPF investment programme should
additional funding be allocated. Delivery of prosperity funding
will continue to support residents and business to; build pride in
place, provide high quality skills training, support employment
opportunities, growth in productivity and increase life
chances.