Issue - meetings

UK Shared Prosperity Fund - Isle of Wight Investment Plan

Meeting: 14/07/2022 - Cabinet (Item 17)

17 Levelling Up - UK Shared Prosperity Fund pdf icon PDF 561 KB

Decision:

That Cabinet instructs the Director of Regeneration to arrange for the submission of the Isle of Wight Shared Prosperity Investment Plan in liaison with the Cabinet Member for Levelling Up, Regeneration, Business Development and Tourism.

 

Minutes:

The fund had replaced the European Regional Development Fund and the island had been allocated £1.73 million, £666,000 of which would be spent on a programme known as ‘Multiply’, which would improve adult numeracy skills. Revenue funding would enable work on the three identified themes, including encouraging accessible tourism. The work done in relation to Southampton’s City of Culture bid would continue. Other programmes to help business start-up and getting people back into work via the Restart scheme were hoped to commence by 1 August.

 

The Adult Community Learning team would offer the multiply programme to upskill people in those sectors of workforce where numeracy was needed.

 

Although not affecting the Shared Prosperity Fund, there was discussion that the government would look at whether there was an up to date Island Plan when considering the allocation of some future funding streams.

 

Confirmation was provided that the MP had supported the recent levelling up bid.

 

RESOLVED

 

That Cabinet instructs the Director of Regeneration to arrange for the submission of the Isle of Wight Shared Prosperity Investment Plan in liaison with the Cabinet Member for Levelling Up, Regeneration, Business Development and Tourism.