Issue - meetings

UK Shared Prosperity Fund Investment Plan

Meeting: 07/07/2022 - Cabinet (Item 17)

17 UK Shared Prosperity Fund Investment Plan pdf icon PDF 355 KB

Additional documents:

Minutes:

The Portfolio Holder for Improvement & Innovation presented the report which sought approval of the UK Shared Prosperity Fund (UKSPF) Investment Plan. The Council had received a provisional allocation of £1million from the UKSPF covering the financial years 2022/23 – 2024/25. The funding would support the Government’s wider commitment to level up all parts of the UK by delivering on the levelling up objectives and had three main investment priorities.

 

The Economic Development & Programmes Manager advised Members that the Council along with all other Local Authorities had to submit an investment plan to Central Government by 1 August. Extensive informal consultation had taken place to gain consensus from a range of key partners, including MPs, on the current challenges and opportunities in the District that UKSFP would support. The range of project interventions would ensure effective outcomes were delivered that would benefit communities, environment and local economy.

 

Members attention was brought to the Investment Plan as published within the supplementary agenda and to Appendix A of the report which detailed the proposed projects which had been development through consultation.

 

As part of the plan a governance structure for managing the plan was required to be set out as part of the submission this would include using the Sevenoaks District Business Board, corresponding on a six monthly basis with the MPs as well key roles from within the Council and with the West Kent Partnership Board.

 

Public Sector Equality Duty

Members noted that consideration had been given to impacts under the Public Sector Equality Duty.

 

Resolved: That

 

a)    the UK Shared Prosperity Investment Plan as detailed in the supplementary agenda be noted; and

 

b)   the Strategic Head of Property and Commercial be authorised following consultation with the Leader of the Council and the Portfolio Holder for People & Places to

 

i)             take the necessary decisions and actions required to finalise the investment plan and accept the allocation of funds,

 

ii)           implement and administer the scheme and all related plans in accordance with the requirements and priorities of the prospectus and the fund.


 

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