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Decision details

SHARED PROSPERITY FUND PROCESS

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

R RESOLVED: That Cabinet:

 

(1)   Considered and approved the proposed outline distribution of funding allocated (£510,000) to the Council by the Department for Levelling Up Housing and Communities for 2024/5 under the UK Shared Prosperity Fund.

 

(2)   Delegated approvals of individual grants and payments under the Fund to the relevant Executive Members and Service Directors, as identified with reference to Directorates in table 8.1, and confirmed that the Parishes and Community Projects Fund decisions would be taken following consideration and recommendation by the Panel.

 

(3)   Approved the updated Cabinet Capital and Revenue Grants Panel’s Terms of Reference, Appendix C.

 

RECOMMENDED TO COUNCIL: The approval of up to £518,000 capital investment for the Solar for Business Programme, in addition to the £51,285 capital funding from the UK Shared Prosperity Fund.

 

REASONS FOR DECISIONS:

 

(1)   The Council will be provided with funding in April 2024 to allocate to schemes which were originally outlined in the Council’s UK Shared Prosperity Fund (UK SPF) Investment Plan that was submitted in July 2021. This plan was approved by Department for Levelling Up Housing and Communities (DLUHC) in January 2022.

 

(2)   The Funds regulations allow considerable flexibility in how the Council allocates funding and under which approved UK SPF Activities. Officers presented a report to the Leadership Team on 5th February 2024, which outlined how we are proposing to spend the remainder of the Fund in line with the UK SPF criteria set. The Leadership Team agreed with the proposal in principle, and therefore it has been bought to Cabinet for further consideration.

 

(3)   Once final approval has been obtained, the individual projects will be managed by the relevant North Herts Council (NHC) service areas. We are seeking approval to delegate approval of spend decisions, payments or grants made under the scheme to the relevant Executive Members and Service Directors, as identified under table 8.1 of this report.

Publication date: 20/03/2024

Date of decision: 19/03/2024

Decided at meeting: 19/03/2024 - Cabinet

Accompanying Documents: