Issue - meetings

Division/Wards Affected:  All

Purpose:  To receive an update on the UK Government Levelling Up Fund, Levelling Up White Paper and UK Shared Prosperity Fund Pre-Launch Guidance.

Author:  Frances O’Brien, Chief Officer Enterprise

Contact Details: francesobrien@monmouthshire.gov.uk

Cabinet to agree to the re-submission and revision of bids to the Levelling Up Fund (round 2) for Caldicot and Monmouth when this is launched by UK Government in Spring 2022 following the receipt of feedback received from the UK Government Department.

Cabinet to approve the development of a transport bid based around projects identified through the Chepstow Transport Study for the Levelling Up Fund round 2 and continue to progress all aspects of the study to continue to develop an integrated solution for the area.

Cabinet to agree to the consideration of a further report regarding funding options if our submission to Welsh Government under the Local Transport Fund to progress the next stage study (WELTAG3/WEBTAG3) for an improved road link/ bypass in Chepstow is unsuccessful or does not secure the necessary funding alongside partner contributions.

Cabinet to consider information received on the UK Shared Prosperity Fund to date and to agree to the early establishment of a citizen focussed, Local Partnership to inform the preparation and development of an Investment Plan.

Cabinet to agree to the promotion and support to local voluntary and community groups to bid into the second round of the Community Ownership Fund.