Decision details

UK Shared Prosperity Fund 2025-26 Programme

Decision Maker: Leader

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To adopt the draft South Holland UK Shared Prosperity Fund Investment Plan for 2025-26.

Decision:

To adopt the draft UKSPF Investment Plan for 2025-26 and to submit the Plan urgently to the Mayoral County Combined Authority on 28th February 2025.

Reasons for the decision:

To meet the two-week deadline set forward by the new Mayoral County Combined Authority for the production, agreement and adoption of an Investment Plan for the renewed 2025-6 UK Shared Prosperity Fund Programme.

Alternative options considered:

1.    To submit the proposed Investment Plan for 2025-26 in order to meet the deadline; and

 

2.    Do Nothing – This would result in the deadline being missed. This is likely to carry financial and operational risk to the Council and to communities, as a later start to the constituent grant funding Programmes will reduce the available time for delivering projects and risk underspend or return of funds due to the Borough. The reputational risk arising from this option would likely be significant.

Urgent item?: Yes

Publication date: 28/02/2025

Date of decision: 28/02/2025

Accompanying Documents: