UKSPF (Shared Prosperity Fund) Yr 2 & 3 update

March 4, 2024 Corporate Director (Place & Wellbeing) & Deputy Chief Executive (Officer) Approved View on council website
Full council record
Purpose

To agree the concurrence with regards to
projects for the UKSPF in years 2023/24

Content

The Letter of Concurrence detailed the
projects that were put forward for approval in some interventions
for financial year 2024/2025. Common reasons for recommended
rejection include:
•Poor value for money in terms of grant in vs outputs
produced
•Mismatched outputs e.g. Skills for Life-style projects which
would not deliver the employment-focussed Skills projects which
were deemed most in demand locally
•Lack of information received in the application
•Direct comparison with similar projects also applied for,
linked to value for money
•Projects were also chosen with a view to spending the
allocation across the District rather than in one location, but not
formally weighted
Projects had to be chosen in order to allocate some of the Shared
Prosperity fund allocation beyond TDC-led projects in this
financial year, as committed to with Government.

Alternative options considered

To delay this decision would delay the
projects in the concurrence and therefore reduce available delivery
time, as they must be complete by the end of the financial year
2023/24 or 2024/25.

Details

OutcomeRecommendations Approved
Decision date4 Mar 2024