Decision details

concurrence: allocation of year 2 of the UK Shared Prosperity Fund (2023/24)

Decision Maker: Corporate Director (Economy & Place)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Following the decision taken at Cabinet on Friday 16th December to accept the Tendring District Council’s allocation of the UK Shared Prosperity Fund (UKSPF), and the subsequent decision dated 3rd February 2023 regarding how year 1 (2022/23) of the allocation would be spent, please find attached a concurrence setting out projects which will be funded by the 2023/24 UKSPF allocation.
To allow submissions for projects which can run across the next 2 financial years of the Shared Prosperity Fund scheme, we have amended the concurrence to agree that submissions will be accepted for both years 2 and 3 for some of the projects, allowing submissions for projects which could run into 2024/25.

Decision:

Agreement to proceed has been received from both the Leader of the Council, and the Portfolio Holder for Business and Economic Growth, via email on 8/3/2023.

Alternative options considered:

Option 1 - Funding projects for year 2 only. This would restrict the types of project proposals TDC would receive and impacts organisations abilities to plan further in advance regarding potential funding sources.
Option 2 - Waiting until 2023/24 to announce plans for that year. This would restrict time available for projects to be delivered.

Publication date: 09/03/2023

Date of decision: 08/03/2023

Accompanying Documents: