24 UK Shared Prosperity Fund PDF 416 KB
Report of the Strategic Director, Economy, Innovation and Growth
Additional documents:
Minutes:
Consideration has been given to arrangements in respect of the UK Shared Prosperity Fund and to the prioritised list of interventions for Gateshead. |
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RESOLVED - |
(i) |
That the proposal for the Council to act as ‘lead authority’ for these funds and to establish appropriate governance arrangements be approved. |
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(ii) |
That the establishment of a Local Partnership Group be noted. |
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(iii) |
That a further report be submitted to Cabinet on Multiply and the Multiply Investment Plan. |
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(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. |
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(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. |
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The above decisions have been made for the following reasons: |
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(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. |
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(B) |
To pursue opportunities to influence and collaborate with local authorities within the region. |
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(C) |
To enable successful delivery of activity in Gateshead that will contribute to local priorities. |