Decision details

(1)      The submission of the UK Shared Prosperity Fund Investment Plan to the Department for Levelling Up, Housing & Communities to secure the West Midlands’ £88m allocation for the Shared Prosperity Fund for the next three years was approved, noting that the Investment Plan should be submitted as soon as possible, given that all other authorities had already submitted their plans and that year one funds were to be spent by 31 March 2023.

(2)      Authority to accept any funding awarded as a result of the submission was delegated to the Executive Director of Economic Delivery, Skills & Communities, in consultation with the Portfolio Lead for Economy & Innovation and the Section 151 Officer.

(3)      Authority to carry out commissioning of UK Shared Prosperity Fund funding, including any procurement activity as required, was delegated to the Executive Director of Economic Delivery, Skills & Communities, in consultation with the Portfolio Lead for Economy & Innovation, the Section 151 Officer, Directors of Economic Development and Finance Directors.

(4)      The final arrangements for the 4% administration allocation was delegated to the Executive Director of Economic Delivery, Skills & Communities, in consultation with the Portfolio Lead for Economy & Innovation, the Section 151 Officer, Directors of Economic Development and Finance Directors, and that these arrangements be reported back to the Economic Growth Board for information.

(5)      The next steps to implement the Investment Plan wereapproved.