Decision details

UK Shared Prosperity Funding - Business support

Decision Maker: Head of Communications, Strategy and Policy

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Council meeting 18th January 2023: Council resolved that the following amounts from the East Herts UK Shared Prosperity Fund (UKSPF) and the Rural Prosperity Fund (RPF) be agreed: "Up to £287,000 from UKSPF and up to £236,421 from RPF allocated to business support" And that decisions on spending be delegated to the Head of Communications, Strategy and Policy acting in consultation with the Executive Member for Planning and Growth

Decision:

That the following amounts, totalling £63,000 are allocated as grant payments:

A new premises grant of £3,000 to Needy Massage, to support the costs of setting up new premises in Hertford
A new premises grant of £3,000 to My Vintage Market, to support the costs of setting up new premises in Tewin
A new premises grant of £3,000 to Sweet Treat Concept, to support costs of setting up new premises in Bishop’s Stortford
A new premises grant of £3,000 to Now Training Ltd, to support re-location to larger premises in Ware
A new premises grant of £1,000 to La Pizzeria and Kebab, to support costs of setting up new premises in Stansted Abbots
A large business grant of £50,000 to Skill at Arms, Sawbridgeworth, to support the costs of refurbishing disused agricultural barns into new commercial units for letting

Alternative options considered:

Option 1 - Award the grants
Option 2 - Do not award the grants

Publication date: 05/12/2024

Date of decision: 05/12/2024

Accompanying Documents: