Issue - meetings

UK SHARED PROSPERITY FUND

Meeting: 30/11/2022 - Executive (Item 102)

102 UK SHARED PROSPERITY FUND - BOROUGH ALLOCATION pdf icon PDF 653 KB

Decision:

1.  The acceptance of the in-principle allocation of UKSPF grant funding totalling £1.63M, be approved and the capital programme and revenue budgets be adjusted accordingly;

2.  Authority be delegated to the Director of Housing, Planning and Regeneration in consultation with the Portfolio Holder for Renewal and Recreation to determine interventions agreed with Greater London Authority through a grant agreement and any variations to the grant;

 

3.  The proposed interventions submitted to the Greater London Authority set out in paragraphs 3.6-3.29 be noted; and,

 

4.  It be noted that the scope of this decision does not include the in-principle allocation of £760K for 2024-2025 for People and Skills which is only accessible through Local London and determined through sub-regional decision-making.

 

Minutes:

  Report HPR2022/057A

 

The report sought authority to accept the UK Shared Prosperity Fund borough allocation grant and delegated authority for agreeing allocation of the monies with GLA.

 

The Portfolio Holder for Renewal, Recreation and Housing highlighted that the initiatives this would fund would benefit the borough.

 

The report had been scrutinised by the Renewal, Recreation and Housing PDS Committee at its meeting on 16 November and the Committee had supported the recommendations.

 

RESOLVED: That

 

1)  the acceptance of the in-principle allocation of UKSPF grant funding totalling £1.63M, be approved and the capital programme and revenue budgets be adjusted accordingly;

2)  Authority be delegated to the Director of Housing, Planning and Regeneration in consultation with the Portfolio Holder for Renewal and Recreation to determine interventions agreed with Greater London Authority through a grant agreement and any variations to the grant;

 

3)  The proposed interventions submitted to the Greater London Authority set out in paragraphs 3.6-3.29 be noted; and,

 

4)  It be noted that the scope of this decision does not include the in-principle allocation of £760K for 2024-2025 for People and Skills which is only accessible through Local London and determined through sub-regional decision-making.