Decision details

That Cabinet:

1.     Approves proceeding with the establishment of a blended £2.5 million Social Fabric Fund, comprising £1 million revenue, and £1.5 million capital, focusing primarily on the 22 Lower Super Output Areas identified in the Countywide Approach to Levelling Up, with the ability to flex this by exception as set out in paragraph 4.10 of the report;

2.     Approves an additional one-off £0.32 million revenue allocation to support the operation of the Fund as set out in paragraphs 4.13, and 4.19 of the report;

3.     Approves the £1.32 million revenue elements of the Fund being funded from the Council’s Revenue Investment Fund;

4.     Approves the £1.5 million capital element of the Fund being funded from the Council’s Capital Investment Fund and approves its addition to the Capital Programme; and

5.     Authorises the Strategic Director for Resources to take all steps as he considers necessary to establish and operate the Fund in consultation with the Portfolio Holder for Environment, Climate, and Culture, and other Portfolio Holders as appropriate.