Issue - meetings

TEST

 

 

Meeting: 19/02/2025 - Cabinet (Item 4a)

4a UK Shared Prosperity Fund 2025/26 pdf icon PDF 1 MB

Wards Affected: All

Purpose: To inform Cabinet of UK Governments one-year extension to the UK Shared Prosperity Fund (UKSPF) and seek approval for the granting of investment from UKSPF for 2025/26 to projects listed in Appendix one of this report

Author:  Will McLean, Chief Officer Learning, Skills and Economy

  Hannah Jones, Head of Economy, Employment and Skills

Contact Details:  willmclean@monmouthshire.gov.uk         

    hannahjones@monmouthshire.gov.uk

Decision:

That Cabinet:

 

Approves the recommendations of the Monmouthshire People & Place partnership in relation to the investment of funds from the local authority’s allocation for 2025/26.

 

Approves the draft local investment plan and projects contained within.

 

Authorises the commencement of activity as outlined in the draft local investment plan from 1st April 2025, ahead of the regional lead local authority (Rhondda Cynon Taf CBC) receiving an updated Memorandum of Understanding from UK Government.