Decision details

UK Shared Prosperity Fund

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

The Director of Economic Development and Planning submitted a Report updating Members on the UK Shared Prosperity Fund.

 

Members were reminded that:

·      On 13th April 2022 the UK Shared Prosperity Fund (UKSPF) was launched by the Department for Levelling Up, Housing & Communities.

 

·      The Fund would provide £2.6 billion of new funding for local investment by March 2025, with all areas of the UK receiving an allocation from the Fund via a funding formula rather than a competition. Ribble Valley’s conditional allocation was £1,967,754 over a three-year funding period.

 

·      On 5th December 2022 the Department for Levelling Up, Housing and Communities (DLUHC) confirmed that the Council’s Investment Plan had been accepted.

 

·      The Secretary of State had allocated funding for 2022/23 with indicative allocations for the further two financial years up to and including 2024/25.

 

RESOLVED THAT COMMITTEE:

 

1.Confirmed their agreement to an exemption to our contract procedure rules in terms of the Rail Feasibility Work.

 

2.Noted the proposed scheme for the Mardale Changing Room refurbishment scheme and estimated cost.

 

3.Confirmed their agreement to utilising part of this year’s UKSPF allocation to resurface and mark out the car park at Mardale.

 

4.Confirmed their agreement to an exemption to our contract procedure rules in terms of the Business support for net zero transition & decarbonisation project.

 

5.Confirmed they would like officers to investigate the feasibility of installing electric vehicle charging points within our village car parks.

 

Publication date: 08/02/2023

Date of decision: 24/01/2023

Decided at meeting: 24/01/2023 - Policy and Finance

Accompanying Documents: