£4.5 million investment plan approved

3 coin stacks with plant growing out of them

Cost of living support, business growth and climate-friendly communities – these are among the initiatives on track to benefit from a £4.5 million investment plan agreed by the council, for submission to the UK Government.

The funding is Argyll and Bute’s allocation of UK Government Shared Prosperity Fund (UKSPF).

Activities included in the Argyll and Bute UKSPF Investment Plan are all aligned to three key investment priorities – communities and place, supporting local business, and people and skills.

The Plan sets out actions to be developed and delivered over three years. It was developed with in-put from the council, and public, private and voluntary sector partners and stakeholders.

It includes measures such as grants and advice for people struggling with the rising cost of living, business support to drive employment growth, such as graduate placement programme funding, and funding for community projects on climate change.

Policy Lead for the Economy and Rural Growth, Councillor Robin Currie said:

“This plan will deliver benefit across the whole of Argyll and Bute. It takes account of what will help local people and businesses now, and also in the longer term. It targets support where it is most needed, and where it will deliver most impact. Thank you to everyone involved in putting it together.”

Actions in the plan will be developed following approval by the UK Government.

To view the full list of measures, please see the agenda for today’s Policy and Resources Committee  (Item 8, Appendix A)

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