Decision details

Members were informed of the details of an award of a further round of UK Shared Prosperity Fund (UKSPF) by the East Midlands Combined County Authority. It would identify the broad approach being taken towards planning to deploy this funding during the 2025/26 Financial Year and the report sought approval for the onward governance and implementation process.

RESOLVED that:

1.       That the broad parameters document supplied in Appendix 2 of this report be approved and confirm that the existing UKSPF Panel will convene to agree the final Year 4 Plan, reporting to the first appropriate Cabinet meeting in Q1 of the new municipal year.

2.       That the revenue budget and capital programme for 2025/26 are duly updated to include the UKPSF programme relating to the confirmed allocation of grant funding.

3.       To take steps to extend the contract with Rushcliffe Borough Council for the co-ordinator of the UKSPF programme to ensure this resource remains available in year 4 of the programme.

Reason

This is in accordance with all of the Council’s corporate priorities.