Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Head of Regeneration sought Cabinet approval to refocus some of the current Regeneration grant schemes available to local businesses in order to maximise the funding opportunities available from the Welsh Government’s Transforming Towns Placemaking Grant (WGPG) and UK Government’s Shared Prosperity Fund (UKSPF).
The officer drew Members attention to Section 5 of the report, where the business support grant proposals were outlined. The schemes outlined would provide a structured programme of investment of £4 million for local businesses, including funding from UK Government, Welsh Government and the Council’s own Capital Programme.
The Cabinet Member for Development and Prosperity spoke positive of the proposals and commented that the refocussing and increasing of grants going forward would prevent duplication and improve their effectiveness. The Cabinet Member welcomed the combined total of approximately £4M of aid to local businesses, which had struggled in recent years, especially with the recent energy cost increase; and also welcomed the large-scale grants, which would hopefully bring empty properties back into use.
The Cabinet Member for Public Health & Communities reiterated earlier comments and welcomed the proposals.
The Leader welcomed the report and explained that the match funding contributions being made by the private sector applicant could potentially lever in millions of pounds. The Leader added that town centre maintenance grant had been extended which would help businesses remain vibrant within the town centres.
The Cabinet RESOLVED:
1. To agree the package of support outlined in paragraphs 5.1 – 5.8 of the report.
Publication date: 27/03/2023
Date of decision: 27/03/2023
Decided at meeting: 27/03/2023 - Cabinet
Effective from: 31/03/2023
Accompanying Documents: