SPF Year 3 Project Recommendations - Change in a Project Approval for E1

January 22, 2025 Deputy Leader of the Council and Economic Growth, Regeneration & Tourism Portfolio Holder, Leader of the Council and Corporate Finance & Governance Portfolio Holder (Cabinet member) Key decision Awaiting outcome View on council website
Full council record
Content

To approve a
further project for year 3 of the UK Shared Prosperity Fund
(UKSPF), following the most recent Decision dated 6th January
2025.
 
The previous
Decision related to a change in a project approval for E13 due to
no suitable projects coming forward. 
 
This further
Decision makes recommendations for £6,000 of the remaining
underspend from the external shop front grant scheme in
intervention E to support internal shop capital works.

Reasons for the decision

Reallocated funding between interventions has
been based on moving funding to interventions which have proven
more popular, to allow the funding to be more impactful across the
District

Alternative options considered

With limited time remaining to allocate the
UKSPF, and no further opportunity to carry funding forward,
projects must be approved to allow them sufficient time to deliver
before the final deadline (March 2025). Any funding unallocated
will need to be returned to Central Government at that
time.

Details

Decision date22 Jan 2025
Effective from30 Jan 2025
Subject to call-inYes