Issue - meetings

UK Shared Prosperity Fund - Monitoring Update

Meeting: 01/08/2023 - Local Growth Scrutiny Committee (Item 16)

16 UK Shared Prosperity Fund - Monitoring Update pdf icon PDF 569 KB

Additional documents:

Minutes:

Committee considered a report which provided Members with an update on the delivery of the UKSPF programmes.

 

The report and appendix detailed expenditure and activity so far. Across the five projects, the service had just over £789k for the period of the funding. Following delays in receipt of the allocation from Government, the start of the projects had been impacted but it was expected that all five projects would be delivered as planned over the two-and-a-half-year period.

 

Tourism and Culture

Accessibility audits were being completed across all four main centres to ensure that visitors were able to fully assess access to visitor sites, restaurants, bars/pubs, and signage with the aim of increasing inward and outward tourism. A total of 30 accessibility audits were being completed via Accessibility UK and visitors would be able to search the site for Bolsover locations and businesses as part of planning their visit.

 

Business Growth Grants Scheme

The project offered two grant options. The first was grant funding available to existing businesses to encourage business improvement and growth opportunities resulting in job creation and retention. The growth grant was up to a maximum of £10,000 and had an 80% grant intervention rate.

 

The second grant was a small start-up grant of £500 at a 100% intervention rate. Applicants could be pre-start or a new business (up to 18 months old) and would be able to work with a business adviser on a 1:1 basis to assist with completion of the application and business plan but also to offer on-going support and access to workshops, networking events and courses.

 

A number of applications were due to go to the next panel meeting for consideration.

 

Net Zero Hyper Local Innovation Programme

This project aimed to deliver green skills audits for local businesses. In addition, local businesses would be supported to access training and funding to develop their understanding and skills relating to Net Zero. An additional element would include the completion of a feasibility study for a future green skills centre in the District based on the needs of business and informed by this programme of business engagement.

 

Hyper Local Small Business Support Scheme

Clowne Enterprise, an established local business support organisation had been commissioned to deliver this project. The support scheme covered pre-start, newly established and existing businesses within Bolsover district. Residents could take advantage of assistance to access mentoring and financial support to help launch a new business. Pre-start, start-up and existing businesses could receive assistance to develop a new product, become investor ready, or improve productivity of their business through innovation and technology implementation. Up to 30th June 2023, 15 people had received 1:1 coaching, and 13 businesses had received 1:1 coaching.

 

Visitor Economy Business Support

The project would contribute to accessibility, international tourism, and sector specific support for the cultural, historic and heritage sector. Businesses were being offered a programme of support, embracing innovative ways of working and business adaptations. Industry experts had been procured to deliver sector specific support including Search Engine  ...  view the full minutes text for item 16