EXEMPT - WEST NORFOLK SHARED PROSPERITY FUND
Decision:
RESOLVED:
2. Approve the £600,773 UKSPF investment programme for 2025/26 as set out in Table 2, Section 3 in line with the indicative budget allocations in Appendix 1 (EXEMPT).
Reason for Decision:
To ensure timely and impactful delivery of the additional year of UKSPF funding stream in line with government guidance, the West Norfolk Economic Strategy, the West Norfolk Investment Plan and Corporate Business Plan objectives. To also enable swift commencement of a REPF investment programme should additional funding be allocated. Delivery of prosperity funding will continue to support residents and business to; build pride in place, provide high quality skills training, support employment opportunities, growth in productivity and increase life chances.
Minutes:
Officers provided an overview of the funding allocations as set out in Appendix 1 of the report and responded to questions and comments from Cabinet Members.
RESOLVED:
2. Approve the £600,773 UKSPF investment programme for 2025/26 as set out in Table 2, Section 3 in line with the indicative budget allocations in Appendix 1 (EXEMPT).
Reason for Decision:
To ensure timely and impactful delivery of the additional year of UKSPF funding stream in line with government guidance, the West Norfolk Economic Strategy, the West Norfolk Investment Plan and Corporate Business Plan objectives. To also enable swift commencement of a REPF investment programme should additional funding be allocated. Delivery of prosperity funding will continue to support residents and business to; build pride in place, provide high quality skills training, support employment opportunities, growth in productivity and increase life chances.