Decision details

Award of UKSPF/RPF Round Two Funding: Grants 4 Growth 2

Decision Maker: Deputy Chief Executive - Communities

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The recommendation to fund ‘Grants 4 Growth 2’, as set out in this report, enabling the immediate mobilisation of grants for local business growth and the creation of a growth advisory service. That a proportion of the council’s funding relating to the Supporting Local Business of UK Shared Prosperity Fund (UKSPF) and Rural Prosperity Fund (RPF) is utilised for this purpose.

Decision:

To award £803,131 of the council’s allocation of UK Shared Prosperity Funding and Rural Prosperity Funding to Grants 4 Growth 2

Reasons for the decision:

Considerations and conclusions for this investment are made within the text of this report, including the options appraisal below.

Alternative options considered:

Option 1 - Proceed as per the recommendation of this Report

 

Under this option, the recommendations of establishing both a business grants and advisory support scheme will be implemented. This will support the realisation of the benefits as set out within the report below.

 

Option 2 – Do nothing

 

Under this option, the recommendations are not taken forward and neither the business grants nor the advisory scheme will go ahead and consequently, the benefits of the report detailed below will not be realised. 

 

Interests and Nature of Interests Declared:

n/a

Reason Key: Incurring expenditure above £75,000 threshold in respect of revenue/£180,000 in respect of capital;

Wards Affected: (All Wards);

Conflict of Interest: n/a

Dispensation Granted: n/a

Other reasons / organisations consulted

N/A

Consultees

Consultation with:
-The Leader of the Council
-The relevant Portfolio Holder
-The Supporting Local Business Theme Group
-The South Holland UKSPF/RPF Partnership Group
-Senior Officers (SLT)

Contact: Saul Farrell, Senior Programme Manager - UK Shared Prosperity Fund/Rural Prosperity Fund Email: Saul.Farrell@sholland.gov.uk.

Publication date: 09/06/2023

Date of decision: 09/06/2023

Effective from: 17/06/2023

Accompanying Documents: