Purpose

Shared Prosperity Fund Applications 2025-2026

Content

RESOLVED –

 

(i)       That the recommendations from the Wrexham
City and County Borough UK Government Shared Prosperity Fund Stakeholder Group
for applications to progress to receiving funding should they pass the due diligence
checks, be approved.

 

(ii)      That
the reserve list of applications be approved.  Should recommended projects not be able to go
ahead for any reason and funds are available to reallocate, these should be
allocated to the reserve list in ranking order and in agreement with the
Wrexham City and County Borough UK Government Shared Prosperity Fund
Stakeholder Group.

 

(iii)     That
should any project declare an underspend throughout the 2025-2026 programme and
funds are available to reallocate, these should be allocated to the reserve
list in ranking order, or to existing projects if it is not possible to
facilitate a new project due to timescales and in agreement with the Wrexham
City and County Borough UK Government Shared Prosperity Fund Stakeholder Group.

 

(iv)     That delegated
authority for decisions for applications below £50K, should any WCBC sub-fund
be approved, be given to WCBC Chief Officer for Economy and Planning in
agreement with WCBC Leader and WCBC Deputy Leader, as outlined in paragraph 4.7
of report COEP/34/25.

 

(v)      That
this matter be dealt with as an urgent item of business in accordance with
Section 5 (Rule 5.8.10(m)) of the Council’s Constitution. The reason for
urgency is in order to provide feedback to the applicants to progress to
receiving funding following due diligence checks to ensure SPF funds are
distributed as soon as possible.

 

Reason for Decisions

 

To consider the applications that have been through the
technical assessment and have been recommended by the Wrexham City and County
Borough UK Government Shared Prosperity Fund Stakeholder Group to progress to
the next stage of the SPF process and submit a stage 2 application.