Decision details

1.      To note the update on the progress of the Guildford’s UK Shared Prosperity Fund and Rural England Prosperity Fund projects.

2.      Approve the revised spend proposals for 2024/5

Decision:

1.    Approved the progression of Guildford’s UKSPF and REPF plans, as outlined in the report.

2.    Delegated to the Strategic Director of Place, in consultation with the Leader, authority to enter into such other contracts and legal agreements connected with the UKSPF and REPF as may be necessary in compliance with Procurement Procedure Rules and within the allocated grant funding budget.

Reason(s):

The £1.4 million total funding Guildford Borough Council had been allocated from the UKSPF and REPF was a significant sum of money that could have a positive impact on the borough’s local communities and businesses.

Grounded on insights from local stakeholders, partners and GBC Councillors and Officers, the projects put forward in Guildford’s Investment Plan and REPF Addendum aligned with the borough’s local priorities and intent to leverage collaboration with the Council’s partners to maximise value for money.

Other options considered and rejected by the Executive:

OPTION 1: The Executive could have decided not to approve the proposed interventions (including changes) for Guildford’s UKSPF and REPF. This would make the Council unable to advance the proposed projects and make use of the £1.4 million allocated by DLUHC and DEFRA within the prescribed timescales to empower our local businesses and communities.

Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:

None.