Agenda item

*RESOLVED –

1.    That the strategic direction and indicative funding proposals, as set out in the draft Chesterfield UK Shared Prosperity Fund Investment Plan, be approved.

2.    That the Chief Executive, in consultation with the Leader of the Council, be granted delegated authority to make changes to the draft document to enable completion of the Chesterfield UK Shared Prosperity Fund Investment Plan for submission to Government.

REASON FOR DECISIONS

Work on the Investment Plan is ongoing and this will enable the submission of the Chesterfield UK Shared Prosperity Fund Investment Plan to Government by the 1 August, 2022 deadline.

The Service Director – Economic Growth and Senior Economic Development Officer submitted a report seeking approval for the final draft version of the Council’s Investment Plan to be submitted to the Government.

The United Kingdom Shared Prosperity Fund (UKSPF) would provide £2.6bn of funding to local areas over a three-year period and was intended to replace EU Structural Funds. The primary goal of the UKSPF was to build pride of place and increase life chances across the United Kingdom.

The Council had undertaken a stakeholder engagement session via an electronic questionnaire inviting feedback from Voluntary, Community, Social Enterprise, Education and Skills, and Business organisations on the draft Investment Plan, and had also established a new Partnership Board to oversee delivery of the Plan’s activities. The Council’s UKSPF Investment Plan was attached at Appendix 3 of the officer’s report.

*RESOLVED –

1.   That the strategic direction and indicative funding proposals, as set out in the draft Chesterfield UK Shared Prosperity Fund Investment Plan, be approved.

2.   That the Chief Executive, in consultation with the Leader of the Council, be granted delegated authority to make changes to the draft document to enable completion of the Chesterfield UK Shared Prosperity Fund Investment Plan for submission to Government.

REASON FOR DECISIONS

Work on the Investment Plan is ongoing and this will enable the submission of the Chesterfield UK Shared Prosperity Fund Investment Plan to Government by the 1 August, 2022 deadline.