£2m funding pot agreed to help support economic, social and community projects across Suffolk
Public sector leaders have agreed a £2 million fund to support projects across Suffolk.
The funds, £500,000 each for West Suffolk, Ipswich, Babergh and Mid Suffolk, and East Suffolk, will support projects that support economic, social and community projects.
Proposals would be initiated, developed and agreed by district councils and Suffolk County Council, with projects expected to start in 2019/20.
Jennie Jenkins, the independent chair of Suffolk Public Sector Leaders Group, said: “It is clear from work we’ve funded from our business rate pool and the Government’s 100 per cent pilot that relatively small amounts of money from the public sector can have a significant effect. By creating this specific fund, which will operate under the same arrangements as the 100 per cent business rate retention pilot scheme, we will continue this local growth and benefit communities across Suffolk.”
It comes after Suffolk was a pilot area for the Government’s 2018/19 100 per cent business rate retention scheme. The additional money – about £10 million – is being spent on economic, social and community projects across Suffolk, including:
- £200,000 to support the Western Way development in Bury St Edmunds
- £500,000 to expand social prescribing in West Suffolk
- £240,000 to help the purchase, redevelopment and modernisation of NatWest, in Stowmarket