Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To set out details of the Government’s UK Shared Prosperity Fund (UKSPF) and outline a way forward for the use of the Council’s funding allocation.
The government launched its UK Shared Prosperity Fund (UKSPF) this year, as part of its Levelling Up agenda. It provides £2.6 billion of funding intended to reduce inequalities between communities. The funding covers the three year period up to March 2025, and Fareham Borough Council has been allocated a total of £1m.
As lead authority, the Council must submit a plan of how the funding shall be used, and the positive outcomes that can be expected as a result of the projects it funds.
The report sets out a set of proposals for how the funding could be used, namely:-
· A programme of business support, prioritising proposals that strengthen the retail offer in district and local centres, improve the attractiveness of district and local retail centres, or support the objective of achieving net zero carbon/increase investment in green growth
If the proposals are supported, and following a series of stakeholder engagement measures, the proposals will be submitted to the Government by the deadline of 1st August 2022.
RESOLVED that the Executive:
(a) notes the purpose of the UK Shared Prosperity Fund;
(b) endorses the priority themes for use of the Council’s funding allocation; and
(c) agrees to delegate authority to the Deputy Chief Executive Officer, following consultation with the Executive Leader, to prepare and submit the detailed plan for Fareham, to Government, by the 01 August 2022.
Report author: Andrew Wannell
Publication date: 06/07/2022
Date of decision: 04/07/2022
Decided at meeting: 04/07/2022 - Executive
Effective from: 16/07/2022