Decision details

To seek necessary approvals and delegate authority in relation to the UK Shared Prosperity Fund.

That authority be delegated to the Cabinet Member for Resources and Digital City, in consultation with Director of Strategy and Director of Finance to:

a.      Enter into a three-year Memorandum of Understanding and annual Grant Funding Agreements with West Midlands Combined Authority as lead authority, and accept grant allocation for our allocation for the UK Shared Prosperity Fund and Multiply.

b.      Approve further changes to the proposed UK Shared Prosperity Fund local funding split based on ongoing discussions with the West Midlands Combined Authority.

c.      Approve the establishment and spend of supplementary revenue and capital budgets in line with the funding agreement.

d.      Approve payment of grants for delivery of local activity where appropriate and associated agreements.