Brentwood Borough Council has been allocated funding through the UK Shared Prosperity Fund, which can only be accessed through submission of an Investment Plan prior to the 1 August 2022 deadline.

The UK Shared Prosperity Fund (UKSPF or the Fund) is a central pillar of the UK government’s ambitious Levelling Up agenda and a significant component of its support for places across the UK. It provides £2.6 billion of new funding for local investment by March 2025, with all areas of the UK receiving an allocation from the Fund via a funding formula rather than a competition. It will help places across the country deliver enhanced outcomes and recognises that even the most affluent parts of the UK contain pockets of deprivation and need support.

Cllr Hossack requested that committee members are provided with a final copy of the investment Plan once submitted.    

Cllr Kendall requested that the Investment Plan include reference to support of heritage and local attractions, in particular Brentwood Museum. 

After a full discussion, Cllr Hossack MOVED and Cllr Poppy SECONDED the recommendations in the report. A vote was taken and it was RESOLVED UNANIMOUSLY.

Members are asked to:

R1. Delegate authority to the Strategic Director, in consultation with the Chair of the Policy, Resources and Economic Development Committee, to prepare and submit an Investment Plan for the UK Shared Prosperity Fund.