Decision details

To agree process for applying to SYMCA for UKSPF and acceptance of funding through ongoing discussions with SYMCA.

RESOLVED that Cabinet:-

1.    Notes the progress made with securing UKSPF funds for the borough, the SY UKSPF Investment Plan and the process for approval of further funds; and

2.    Delegates authority to Service Director Regeneration and Culture to bid for and receive all future UKSPF funds for Multiply, Rural UKSPF, Communities and Place, Supporting Business, People and Skills themes to SYMCA in order maximise all further funding opportunities for the borough with future updates to be brought into Cabinet in a timely manner; and

3.    Agrees ‘in principle’ to extend fixed term contracts of existing BMBC staff who were currently working on Business Support projects up to 31st March 2025 – continuation of the positions being subject to final confirmation of UKSP funding to support those contracts; and

4.    Accepts £0.400m of funding via SYMCA to fund Business Support specialists – final approval of the allocation pending.