Issue details

Officer Decision: UK Shared Prosperity Fund Supplementary Estimate

On 5 December 2022 the Council received confirmation that, following the assessment of the Cheshire East UKSPF Investment Plan, UKSPF funding had been allocated for 2022/23, with indicative allocations for the further two financial years up to and including 2024/25. Subsequently on 16 January 2022 a capital supplementary estimate of £200,000 and a revenue supplementary estimate of £1,226,039 were approved to cover the 22/23 UKSPF allocations.  On 13th July 2023 the Council received an email confirming that the 22/23 UKSPF end of year return report has been reviewed and approved and the plan for Year 1 underspends agreed. This email states, “You may now utilise those Year 1 underspends alongside your Year 2 funding as set out in your end-of-year report. Please take this email as confirmation that your Year 2 funding has been approved and that you will receive your grant determination letters for Year 2 in due course, with payments to follow on afterwards

 

It should be noted that the end of year report included planned spend for both the core fund allocations and the rural fund allocations. In order to enable spend on UKSPF core and rural allocations approval for supplementary revenue and capital estimates are now sought.

Decision type: Key

Decision status: Recommendations Approved

Notice of proposed decision first published: 15/11/2023

Decision due: 10 Nov 2023 by Executive Director Place

Decisions