In relation to the allocation of funds for years 1 and 2 of the Rural England Prosperity Fund (REPF), the Portfolio
Holder for Economic Growth, Regeneration
b) £87,788.02 was allocated to fund 8 successful business projects in Yr 1 of REPF;
c) £65,953.50 was allocated to fund 9 successful community projects in Yr 1 of REPF;
d) To approve 20 successful business applications and
allocate a total of £271,211.98 in Yr2 of REPF;
e) To approve 14 successful community applications and allocate a total of £185,046.50 in Yr 2 of REPF;
f) To acknowledge the already approved allocation of £49,385 to the Witch Heritage Trail Project.
g) To endorse the scoring criteria outlined in the Concurrence which has resulted in these recommendations.
In relation to the Shared Prosperity Fund (SPF), sister fund to the REPF outlined above, and following an Executive Decision dated 3rd February 2023, to note and endorse all published decisions made in the interim on spend and allocation of this Fund; each Decision has been agreed via Concurrence of the relevant Leader of the Council and Portfolio Holder.

With regard to REPF, to set out projects which will have funds allocated to them from year 1 and 2 of the Rural England Prosperity Fund, for approval by the Portfolio Holder for Economic Growth, Regeneration
each Decision has been agreed via Concurrence of the relevant Leader of the Council and
Portfolio Holder. With Decisions noted and endorsed, the Economic Growth Team will be as prepared as possible for the end of the Programme (currently March 2025) and any replacement schemes which come forward in the SPF’s place at that time.

To not take the opportunity to support and
provide grants to businesses and community groups via these two allocations of Central Government funding.