Issue - meetings

To consider a report of the Cabinet Member for Property & Assets and Economic Growth.

(a)    That the Dorset Shared Property Fund Investment Plan Addendum, as attached in Appendix 1 of the report to Cabinet of 28 January 2025, be endorsed.

(b)    That authority be delegated to the Executive Director for Place, in consultation with the Cabinet Member for Property, Assets and Economic Growth, to implement the Investment Plan Addendum.

Reason for the decision

To support delivery of the Council Plan priorities of

·       Grow our economy

·       Communities for all

·       Respond to the climate and nature crisis

And to facilitate use of the funding allocated by government to benefit Dorset residents, communities and businesses.

In proposing the recommendation, the Cabinet Member for Property & Assets and Economic Growth, Cllr R Biggs set out the report on the Shared Prosperity Fund funding for 2025-26 at a reduced rate - £1.4m to bridge the transition year while the government developed a longer-term proposal.

Members were advised that no new investment plan was required, and the fund administration process had been simplified.

The recommendation was seconded by Cllr R Hope.

Decision

(a)    That the Dorset Shared Property Fund Investment Plan Addendum, as attached in Appendix 1 of the report to Cabinet of 28 January 2025, be endorsed.

(b)    That authority be delegated to the Executive Director for Place, in consultation with the Cabinet Member for Property, Assets and Economic Growth, to implement the Investment Plan Addendum.

Reason for the decision

To support delivery of the Council Plan priorities of

·       Grow our economy

·       Communities for all

·       Respond to the climate and nature crisis

And to facilitate use of the funding allocated by government to benefit Dorset residents, communities and businesses.