Issue - meetings

Consideration has been given to arrangements in respect of the UK Shared Prosperity Fund and to the prioritised list of interventions for Gateshead.

RESOLVED -

(i)

That the proposal for the Council to act as ‘lead authority’ for these funds and to establish appropriate governance arrangements be approved.

(ii)

That the establishment of a Local Partnership Group be noted.

(iii)

That a further report be submitted to Cabinet on Multiply and the Multiply Investment Plan.

(iv)

That the submission of an Investment Plan to the Department for Levelling Up, Housing and Communities (DLUHC) for prioritising resources required to deliver the funding bids be approved.

(v)

That the Strategic Director Economy Innovation and Growth, in consultation with the Strategic Directors, Resources & Digital, and Corporate Services & Governance, and the Leader of the Council and relevant Cabinet members be given delegated authority to agree the Investment Plan, set in place arrangements to deliver the Plan and terms of a Memorandum of Understanding with DLUHC.

The above decisions have been made for the following reasons:

(A)

To enable access to monies from the UK Shared Prosperity Fund to deliver the Council’s priorities and to benefit local residents and businesses.

(B)

To pursue opportunities to influence and collaborate with local authorities within the region.

(C)

To enable successful delivery of activity in Gateshead that will contribute to local priorities.