Submission of Investment Plan for the UK Shared Prosperity Fund
Decision Maker: Director of Community & Economic Development - Tracey Birkinshaw
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
To submit the investment plan for the UK Shared Prosperity Fund
Reasons for the decision:
Cheltenham was allocated £1,178,035 of UKSPF funding and required to set out a plan for spending this over a three year period to be submitted by Monday 1 August 2022.
The investment plan has been written by the Director of Community and Economic Development, in consultation with partners, and with oversight and approval from Group Leaders, the Chief Executive, and Executive Director.
The plan sets out 12 projects which will contribute to the UKSPF investment priorities of:
- Communities and Place
- Supporting Local Business
- People and Skills (for spend in 2024-25 only)
Alternative options considered:
To not submit a plan
This is not recommended as the funding provided will ensure delivery of some key projects which will meet the objectives of the Council’s corporate plan 2019-23. It is not a competititve bid process, the funding has been allocated to Cheltenham, the plan is to provide information to DLHUC about how the funding will be spent within the borough.
The plan has been developed in consultation with stakeholders, taking into account the priorities identified by the Council in the Cheltenham Corporate Plan 2019-23, Pathway to Net Zero Action Plan, and more.
Other reasons / organisations consulted
Group Leaders and the Council’s Leadership Team have all been consulted on the projects to be included in the plan.
Key partners have been engaged to deliver projects including GFirst LEP, Gloucestershire County Council and Gloucestershire College
Contact: Tracey Birkinshaw, Director of Community & Economic Development Email: firstname.lastname@example.org.
Publication date: 04/08/2022
Date of decision: 04/08/2022