That Cabinet:
1. Supports the use of the remaining European Match Funding and Rural Growth Network Reserves alongside investment via the District and Borough Councils from the UK Shared Prosperity Fund (UKSPF) in order to increase the scope and scale of specific joint programmes.
2. Subject to agreement with the District and Borough Councils:
(i) Approves the Council acting as accountable body for specific elements of UKSPF funding and for the Council to lead on the commissioning of joint programmes.
(ii) Authorises the Strategic Director for Communities to enter into UKSPF funding agreements with individual District and Borough Councils on terms and conditions acceptable to the Strategic Director for Resources.
(iii)Approves varying and extending two contracts with Coventry and Warwickshire Chamber of Commerce for the ongoing provision of business start-up services and support to businesses in the tourism, leisure and hospitality sector using Council and UKSPF funding.
(iv)Approves the commencement of appropriate procurement activity and/ or competitive calls for projects to deliver the priorities of the UKSPF funding.
3. Authorises the Strategic Director for Communities to negotiate and enter into all necessary contracts and agreements required to deliver the approved recommendations on terms and conditions acceptable to the Strategic Director for Resources.