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R
RESOLVED: That Cabinet:
 

(1)  
Considered and approved the proposed outline distribution of
funding allocated (£510,000) to the Council by the Department
for Levelling Up Housing and Communities for 2024/5 under the UK
Shared Prosperity Fund.
 

(2)  
Delegated approvals of individual grants and payments under the
Fund to the relevant Executive Members and Service Directors, as
identified with reference to Directorates in table 8.1, and
confirmed that the Parishes and Community Projects Fund decisions
would be taken following consideration and recommendation by the
Panel.
 

(3)  
Approved the updated Cabinet Capital and Revenue Grants
Panel’s Terms of Reference, Appendix C.
 
RECOMMENDED
TO COUNCIL: The approval of up to £518,000 capital
investment for the Solar for Business Programme, in addition to the
£51,285 capital funding from the UK Shared Prosperity
Fund.
 

REASONS FOR DECISIONS:

(1)  
The Council will be provided with funding in April 2024 to allocate
to schemes which were originally outlined in the Council’s UK
Shared Prosperity Fund (UK SPF) Investment Plan that was submitted
in July 2021. This plan was approved by Department for Levelling Up
Housing and Communities (DLUHC) in January 2022.
 

(2)  
The Funds regulations allow considerable flexibility in how the
Council allocates funding and under which approved UK SPF
Activities. Officers presented a report to the Leadership Team on
5th February 2024, which outlined how we are proposing to spend the
remainder of the Fund in line with the UK SPF criteria set. The
Leadership Team agreed with the proposal in principle, and
therefore it has been bought to Cabinet for further
consideration.
 

(3)  
Once final approval has been obtained, the individual projects will
be managed by the relevant North Herts Council (NHC) service areas.
We are seeking approval to delegate approval of spend decisions,
payments or grants made under the scheme to the relevant Executive
Members and Service Directors, as identified under table 8.1 of
this report.