Agenda item

Economic Recovery Fund - Round 2 Update Report

Report of the Executive Director – City Futures



The committee considered a report of the Executive Director, City Futures providing an overview of progress to deliver the second round of the Economic Recovery Fund (ERF) now that the application and scoring phases are complete. The report lists the outcomes of the scoring process for all applications and provides information about the geographical spread and make-up of the areas that applied for funding. The report marks the point at which ERF moves from the application and scoring phases into the contracting phase, which will enable successful projects to start delivering improvements and activities in their areas.




RESOLVED UNANIMOUSLY: That the Economic Development and Skills Policy Committee;


1. Note that Finance Committee have been asked (at their meeting on 11

September 2023) to approve the allocation of funding to areas offered over

£50,000 (up to £200,000) and, subject to due diligence and other checks being

undertaken to the satisfaction of the Director of Economic Development, Culture and Skills, for SCC to enter into a funding agreement with an appropriate lead organisation for each of the areas listed in the table below:


Project Area

Funding Offer (final figures TBC)





Harborough Avenue


Heeley & Newfield Greens


London Road


Northern Avenue


Spital Hill







2. Note the areas listed in the table below have been allocated funding of up to £50,000 subject to due diligence and other checks being satisfied:



Project Area

Funding Offer (final figures TBC)



Banner Cross








Firth Park








Infirmary Road















Reasons for Decision




The report updated the Committee on the progress of this project, which the Committee approved on 19th October 2022. This update marked a key milestone in the project cycle, at the transition from application and scoring to contracting and onwards to delivery. The Committee would be kept updated as the project continued to develop.




Alternatives Considered and Rejected






As noted, a range of options for delivering ERF2 were considered over summer and autumn 2022. Several alternative ways of delivering the second round of funding were considered as part of this process and proposals were made in relation to changing and improving the second round of funding. These were approved by the EDSP Committee at its meeting on 19th October 2022. This approach has subsequently been enacted so the proposals here are the outcome of an agreed process






Because the Fund was oversubscribed, Steering Group had to look at ways of managing that and ensuring funding offers were within the available budget and made in a fair way (as described in appendix 1).



Alternatives to that included the following, but the agreed approach was felt by the Steering Group to be a balanced, individualised and fair way of dealing with the budget pressure that took into account the specific elements within each project and strengths and weaknesses. It was felt that any blanket measures would cut across these nuances and lead to outcomes unreflective of their scoring judgements.




Why rejected

Making a blanket cut to all projects that passed scoring

To reduce the overall funding ask to keep within the budget

Projects had different strengths and weaknesses and this tactic felt unfair and arbitrary to the Steering Group

Raising threshold at which projects would have passed

To reduce the number of projects that would receive funding

Project that passed scoring not receiving funding – Steering Group wanted to maximise the number of areas that could benefit from the Fund

To remove specific types of activity from all budgets

To reduce the overall funding ask and limit specific activity

This would have potentially been applied unequally across projects, depending on whether they had included the activity in their proposals or not


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