Purpose

On 9
December 2024, Cllr Peter McDonald, Lead Cabinet Member for
Economic Development, and Cllr John Williams, Lead Cabinet Member
for Resources assessed the scoring matrix for the applications
received under the UK Shared Prosperity Fund, Small Business Grants
scheme. (Appendix A)

Due to
the high level of applications received the twenty-two highest
scoring were recommended for approval, taking into consideration
the funding allocation available of £100,000.
 
After
consideration of these applications, the Lead Cabinet Member for
Economic Development and the Lead Cabinet Member for Resources
recommended the following applications for approval, subject to
final anti-fraud checks:
 
 
Avenue
Food Park, Elsworth - be approved and funded at the full amount
requested of £5,000.
 
Epworth
Ltd, T/A Lalbagh , Bourn - be approved and funded at the full
amount requested of £5,000.
 
T R
Global Events, Oakington - be approved and funded at the full
amount requested of £5,000.
 
Cambridge Painting and Decorating, Comberton - be approved and
funded at the full amount requested of £5,000.
 
Protec
UK, T/A Cassette Collars, Sawston - be approved and funded at the
full amount requested of £5,000.
CGSS,
Bar Hill - be approved and funded at the full amount requested of
£4,562.00.
 
The
Manor Florist, Barton - be approved and funded at the full amount
requested of £4,000.
 
The
Cabin Beauty, Cambourne - be approved and funded at the full amount
requested of £3,588.00.
 
Cambridge Cycle Surgery, Waterbeach - be approved and funded at
the full amount requested of £3,511,91.
 
Northstowe Tap and Social, Northstowe - be approved and funded
at the full amount requested of £5,000.
 
Webbsour Bakery, Elsworth - be approved and funded at the full
amount requested of £5,000.
 
Banquet
Inn Bars, Harlton - be approved and funded at the full amount
requested of £5,000.
 
Technical Moves, Duxford – be approved and funded at the
full amount requested of £5,000.
 
Total
Access and Security, Hardwick – be approved and funded at the
full amount requested of £4,923.92.
 
Pixie
Brewing, Barrington – be approved and funded at the full
amount requested of £5,000.
 
Joseph
McCarthy, Thriplow – be approved and funded at the full
amount requested of £4,717.50.
 
Promowater, Bar Hill – be approved and funded at the full
amount requested of £4,825.00.
 
Sweetie
Factory, Papworth Everard – be approved and funded at the
full amount requested of £5,000.
 
Tildabell Events, Bourn – be approved and funded at the
full amount requested of £5,000.
 
Kickboxing Cambridge, Babraham – be approved and funded at
the full amount requested of £3,749.99.
 
Polly
Hart Photography, Cambourne – be funded at £2449.00 of
the full amount requested of £4,027.00.
 
Pheonix
Clearance & Removals, Waterbeach – be funded at
£3673.67 of the full amount requested of
£5,000.

Content

To
accept the recommendations of the Lead Cabinet Member for Economic
Development.

Reasons for the decision

The
applications were considered in detail and scored by officers of
the Economic Development Team and a representative of the Combined
Authority Growth Hub before being presented to the Lead Cabinet
Member for Economic Development.

Alternative options considered

To
reject or vary the recommendations and decide on the level of
funding (£0 - £5,000) to be awarded for each
application, or defer a decision if further information was
required from grant applicants.