The Cabinet has considered a report detailing the UK Shared Prosperity Fund (UKSPF) Communities and Place funding allocation for Stockport and the proposed governance arrangements for it, and has:-
(1) Noted the content of the report, including the approach relating to Stockport’s UKSPF investment plan for Communities & Place and the suitability of the proposed governance model for any future Support for Local Business and the People and Skills elements of UKSPF, once they are approved.
(2) Agreed to delegate authority to the Director of Development and Regeneration who will approve funding allocations for projects in consultation with the Cabinet Member for Economy & Regeneration, to oversee and approve the delivery of activities relating to Stockport’s investment plan.
(3) Noted that the Cabinet and Economy & Regeneration Scrutiny Committee receive copies of the regular reporting on the project bids and agreed funding allocations, and any other updates on UKSPF.