Decision details

With reference to article 7 of the minute of meeting of the Finance and Resources Committee of 7 May 2025, the Committee had before it a report by the Executive Director for City Regeneration and Environment which sought approval to reallocate funding from the UK Shared Prosperity Fund.

The report recommended:-

that the Committee –

(a)      note that the UK Government have extended the deadline for delivery of the UK Shared Prosperity Fund to 30 September 2026;

(b)      note that the Belmont Community Cinemas ‘Improving the Entrance’ Project can no longer be delivered within this timescale due to obligations of a separate grant award; and

(c)      approve the reallocation of up to £100,000 from The Belmont Community Cinema’s ‘Improving the Entrance’ Project to The Belmont Community Cinema’s ‘HVAC Project’.

The Committee resolved:-

to approve the recommendations.