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RESOLVED: That Cabinet:
 

(1)  
Considered and approved the proposed outline distribution of
funding allocated to the Council by the Ministry for Housing,
Communities and Local Government (MHCLG) for 2025/26 under the UK
Shared Prosperity Fund (UK SPF) to specific schemes.

(2)  
Delegated approval of individual grants and payments relating to
schemes funded by UK SPF 2025/26 to the relevant Directors in
consultation with the relevant Executive Members as identified with
reference to table 8.1. Consider a grants panel, where appropriate,
for some of the grant funding.
 

REASONS FOR DECISIONS:

(1)  
North Herts Council will be provided with funding in May 2025 to
allocate to schemes proposed in accordance with the revised
Guidance for UK SPF for 2025/26 from the MHCLG (provided as
Appendix 1 to this report).
 

(2)  
The funds regulations allow considerable flexibility in how the
Council allocates funding to each approved Shared Prosperity Fund
(SPF) activity. On 3rd March, officers presented a report to the
Political Liaison Board and to the Senior Leadership team who
endorsed the proposal set out.
 

(3)  
We are seeking approval to delegate approval of spend decisions,
payments or grants made under the schemes to the relevant Directors
in consultation with Executive Members. Once Cabinet approval has
been obtained, the individual projects will be managed by the
relevant service areas.