Decision details

RESOLVED: that Cabinet

a)    Noted UK Government had advised WNC as the Lead Authority for REPF (£1,367,953.00 for a two-year provisional maximum allocation and the requirement to develop a REPF addendum to the UKSPF Investment Plan

b)    Endorsed the approach to develop the REPF Investment Plan by sourcing evidence and liaising with internal and external stakeholders, as well as Councillors

c)    Noted WNC must submit the Rural Fund addendum by 30 November 2022

REASONS RESOLVED:

1) To ensure West Northamptonshire benefits from this grant funding to enhance the community, boost the economy and support local residents and businesses.

2) To deliver local economic growth, particularly with the impending loss of EU funding and the need to utilise UKSPF & REPF to deliver positive economic development within the community.

ALTERNATIVE OPTIONS:

To not develop and submit an Investment Plan for the Rural England Prosperity Fund would result in a loss of major potential investment into the area, which would be used to support the community and place and provide business support.