Decision details
Decision Maker: Deputy Leader of the Council and Economic Growth, Regeneration & Tourism Portfolio Holder, Leader of the Council and Corporate Finance & Governance Portfolio Holder
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decision:
To approve the change in a project for year 3
of the UK Shared Prosperity Fund (UKSPF).
Reasons for the decision:
UKSPF funding is an allocation from Government
which lasts for 3 years, with 2024/25 being the final year. It is
therefore imperative that all funding is allocated and spent in
this financial year (to 31st March 2025) as there is no further
opportunity to carry funding forward.
Alternative options considered:
The following options were considered:
Option 1: To not reallocate the funds and return money
unspent.
Option 2: To continue with the ramp works, however this was
dismissed due to reasons outlined within the Executive Decision
Form.
Publication date: 07/01/2025
Date of decision: 06/01/2025
Effective from: 15/01/2025
Accompanying Documents:
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