Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: March 20, 2025

Purpose: In December 2024, Thanet District Council received notification from Ministry of Housing, Communities and Local Government (MHCLG) that the UK Shared Prosperity Fund (UKSPF) has been extended for a final year - April 2025 to March 2026. The aim of the UKSPF extension year is to provide a smooth transition from the existing UKSPF programme to a new, future funding framework, yet to be announced.   Thanet has been awarded £546,557 of funding to deliver projects within the priorities of Community and Place; Support for Business; and People and Skills, with Thanet District Council being the lead authority for the programme.

Content: Cabinet agreed the following:   1.  To note that the capital programme will need to be amended to include the capital element of the UK Shared Prosperity Fund - a minimum of £69,671. This will be taken to Council at a later date for formal approval;   2.  To approve the delivery of the UK Shared Prosperity Programme on the basis that it exceeds the council key decision threshold of £250,000;   3.  To delegate authority to the Head of Regeneration and Growth to deliver the UK Shared Prosperity Fund 2025-2026, as detailed in the programme outline in Appendix 2 (to the Cabinet report) with flexibility to move allocations between themes if required.