Decision Maker: Portfolio Holder- Economic Development and Visitors
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To introduce the Rural England Prosperity Fund
(REPF), available as a top-up to UK Shared Prosperity Funding
(UKSPF), and to gain approval to submit an addendum to our UKSPF
Investment Plan by 30 November 2022 to secure the additional
1) To note the REPF Prospectus and confirm commitment to the programme as set out in the report; and
2) To approve the proposal to work with key stakeholders to produce an addendum to our UKSPF Investment plan by 30th November 2022, as outlined in 2.0.
Commitment to REPFwill enhance the outcomes of UKSPF and enable further support to rural communities and businesses within Newark and Sherwood. Through collaboration with key stakeholders to develop an investment plan, the Council can ensure an evidence based approach with alignment to local rural needs and opportunities.
There is the option not to deliver REPF. Without the submission of an Investment Plan, no REPF funds will be allocated. This option is not recommended to achieve the most successful outcomes for rural communities and businesses.
Publication date: 17/11/2022
Date of decision: 17/11/2022
Effective from: 23/11/2022