Issue - decisions
04/03/2024 - UKSPF (Shared Prosperity Fund) Yr 2 & 3 update
The Letter of Concurrence detailed the
projects that were put forward for approval in some interventions
for financial year 2024/2025. Common reasons for recommended
rejection include:
•Poor value for money in terms of grant in vs outputs
produced
•Mismatched outputs e.g. Skills for Life-style projects which
would not deliver the employment-focussed Skills projects which
were deemed most in demand locally
•Lack of information received in the application
•Direct comparison with similar projects also applied for,
linked to value for money
•Projects were also chosen with a view to spending the
allocation across the District rather than in one location, but not
formally weighted
Projects had to be chosen in order to allocate some of the Shared
Prosperity fund allocation beyond TDC-led projects in this
financial year, as committed to with Government.


