Agenda item

The Cabinet considered a report of the Corporate Director of Regeneration, Economy and Growth which provided an update on the approach and progress made so far in the development of an Investment Plan for the UK Shared Prosperity Fund (UKSPF).  The report sought approval for the submission of the UKSPF Investment Plan for Durham (for copy of report, see file of minutes).

Councillor Henderson, Portfolio Holder for Children and Young People’s Services informed Cabinet that the UK Shared Prosperity Fund was a key component of the Government’s policy to level up.  The Joint Administration was keen to ensure that County Durham benefitted fully from this, maximising the impacts for the residents of County Durham.

Councillor Wilkes, Portfolio Holder for Neighbourhoods and Climate Change informed Cabinet that the Council would ensure the investment was directed into improving areas such as job prospects and employment, helping to lead the green revolution and building the County’s economy.

Resolved:

That the recommendations in the report be approved.