Community Renewal Fund - Accountable Body and Bidding Process
April 1, 2021 Leader of the County Council (Other) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Leader of the County Council and the Cabinet Member for Economic Development, Environment and Planning approved recommendations on 01/04/2021. They agreed to initiate the process for Community Renewal Fund bids, submit bids within Lancashire County Council's geography, and manage the bidding process as the accountable body. This includes issuing grant agreements, making payments, and undertaking monitoring.
Full council record
Purpose
Within the March 2021 budget, government announced the creation of a new Community Renewal Fund to be delivered in the 2021/22 financial year as a forerunner to the Shared Prosperity Fund, the national replacement for European Structural and Investment Funds.
The detailed guidance on the fund released on the 24th March 2021 confirms that upper tier authorities and mayoral combined authorities across England will have the following responsibilities with regard to Community Renewal Fund:-
- To run a fair bidding process for their area
- To submit a final application for funds by 18th June 2021, and
- To act as administrator and accountable body once awards are made.
Decision
The Leader of the County Council and the Cabinet Member for Economic Development, Environment and Planning approved the recommendations as set out in the report.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 1 Apr 2021 |