Agenda item

Greater Manchester UK Shared Prosperity Fund - Investment Plan

Report of Councillor David Molyneux, Portfolio Lead for Resources and Investment.

Decision:

1.            That 10GM £1,663,571 of GM’s UKSPF allocation to deliver activity to support VCSE sustainability and infrastructure across GM to March 2025, as set out within the 10GM proposal, outlined at Section 3 of this report, be granted.

 

2.          That the GM Business Growth Hub £500,000 of GM’s UKSPF allocation in 2022/23 to deliver a programme of activity in 2022/23 to support GM businesses with the Cost of Doing Business challenges, as set out within the proposal, outlined at Section 5 of this report, be granted.

 

3.          That a £15m UKSPF funded GM SME (Small and Medium Size Enterprises) Workspace Fund be established and administered by GMCA which will prioritise local authority proposals for the creation of SME workspace in city and town centres and high streets in GM to March 2025. Prioritised proposals within this programme will come to GMCA for agreement in due course.

   

4.       That £2,744,408 of GM’s UKSPF allocation over 2.5 years to deliver the activity, expenditure, outcomes and outputs set out in their UKSPF Communities and Place proposal by March 2025, as outlined at Annex A, be granted to Bolton Council.

 

5.          That £1,662,478 of GM’s UKSPF allocation over 2.5 years to deliver the activity, expenditure, outcomes and outputs set out in their UKSPF Communities and Place proposal by March 2025, as outlined at Annex A, be granted to Bury Council.

 

6.          That a grant be awarded to Manchester City Council for £2,886,652 of GM’s UKSPF allocation over 2.5 years to deliver the activity, expenditure, outcomes and outputs set out in their UKSPF Communities and Place proposal by March 2025, as outlined at Annex A, noting that Manchester City Council will submit a further proposal for their remaining allocation to the GM UKSPF Local Partnership Board in due course.

 

7.          That £2,295,803 of GM’s UKSPF allocation over 2.5 years to deliver the activity, expenditure, outcomes and outputs set out in their UKSPF Communities and Place proposal by March 2025, as outlined at Annex A, be granted to Oldham Council.

 

8.          That £2,163,860 of GM’s UKSPF allocation over 2.5 years to deliver the activity, expenditure, outcomes and outputs set out in their UKSPF Communities and Place proposal by March 2025, as outlined at Annex A, be granted to Rochdale Council.

 

9.          That £2,243,026 of GM’s UKSPF allocation over 2.5 years to deliver the activity, expenditure, outcomes and outputs set out in their UKSPF Communities and Place proposal by March 2025, as outlined at Annex A, be granted to Salford Council.

 

10.        That £2,454,134 of GM’s UKSPF allocation over 2.5 years to deliver the activity, expenditure, outcomes and outputs set out in their UKSPF Communities and Place proposal by March 2025, as outlined at Annex A, be granted to Stockport Council.

 

11.     That £1,768,032 of GM’s UKSPF allocation over 2.5 years to deliver the activity, expenditure, outcomes and outputs set out in their UKSPF Communities and Place proposal by March 202,5 as outlined at Annex A, be granted to Trafford Council.

 

12.     That £1,050,000 of GM’s UKSPF allocation be granted to Wigan Council over 2.5 years to deliver the activity, expenditure, outcomes and outputs set out in their UKSPF Communities and Place proposal by March 2025, as outlined at Annex A, noting that Wigan Council will submit a further proposal to the GM UKSPF Local Partnership Board for their remaining allocation in due course.

 

13.         That Subject to GM UKSPF Local Partnership Board recommendation, delegate GMCA approval of Tameside Council’s proposal for their UKSPF allocation to the Chief Executive Officer, GMCA & TfGM, GMCA Treasurer and Monitoring Officer in consultation with the Resources and Investment Portfolio Leader to grant up to £1,979,141 of GM’s UKSPF allocation over 2.5 years to deliver the activity, expenditure, outcomes and outputs that will be set out in their UKSPF Communities and Place proposal.

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