Decision details
To award a UK Shared Prosperity Fund grant to Aesthetica Magazine Limited for their Reignite the City: Parts I to III project
Decision Maker: Corporate Director of Place
Decision status: Decision Made
Is Key decision?: No
Is subject to call in?: No
Decision:
York has been allocated £5.1m from the
UK Shared Prosperity Fund (UKSPF) to implement the investment plan
that was agreed by DLUHC in January 2023. In October 2022, CYC
Executive gave delegated authority to the Corporate Director of
Place to implement this Investment Plan, in consultation with the
relevant Executive Members and the York UKSPF Partnership
Board.
Options Considered:
Six applications were received for E23. Three
failed at Gateway appraisal – two because they did not offer
any of the required outputs and outcomes, and one because it aimed
to deliver all activity after the March 2025 deadline for
completion. The remaining three applications were appraised on a
framework considering impact, deliverability, strategic fit and
value for money and given a score out of 100.
The highest scoring project achieved a score of 82 and is
recommended for funding. The second project scored 75 and the third
67.
Options Rejected:
Not awarding the funding – rejected as
the quality of applications justified awarding funding
Awarding the funding to projects which were not the highest scoring
applications – rejected as we are required to demonstrate
best value in funding decisions.
Publication date: 26/04/2024
Date of decision: 24/04/2024
Accompanying Documents:
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