(Report of Chief Executive)
Information on the UK Shared Prosperity Fund was provided and, in order to ultimately access the £1 million allocation ring-fenced for the Borough, endorsement was sought of the work undertaken to date to produce the Tonbridge and Malling Investment Plan.
The draft Tonbridge and Malling Investment Plan (as set out in Appendices 1-3) highlighted the key challenges faced by the Borough Council in respect of communities and place, local business investment and people and skills. In addition, the Investment Plan identified key intervention areas and highlighted a broad range of initiatives. Further detail was set out at 1.3.5 and 1.3.6 of the report.
The Cabinet considered the next steps, the legal implications and financial and value for money considerations and
RESOLVED: That
(1) the Tonbridge and Malling UK Shared Prosperity Fund Investment Plan be endorsed; and
(2) delegated authority be granted to the Chief Executive, in liaison with the Leader of the Council, to approve any necessary minor changes to the Tonbridge and Malling Investment Plan prior to submission by the deadline of 1 August 2022 for the purposes of presentation or improving clarity.