New approach to place-based investment approved

Cabinet Members have approved a place-based investment plan outlining key investment priorities for the council over the next year.

The Doncaster Delivering Together Investment Plan will support and help deliver the Borough-wide strategy “Doncaster Delivering Together” – which focuses on targeting significant improvement in the wellbeing of everyone in the borough, now, and also for future generations to come - by outlining priority capital and revenue projects for external funding opportunities.

The investment plan primarily outlines the borough’s place-based approach to invest, highlighting key projects in our localities, projects they are pitching for and projects that we are aiming to fund in the future.

The plan also outlines how Doncaster Council will spend two funding avenues including a £3.54m Project Feasibility Fund – a delivery of investment issued by South Yorkshire Mayoral Combined Authority to help reduce project constraints and develop shovel ready projects – and the £8.9m Shared Prosperity Fund – a funding programme to help support the “Levelling Up” agenda.

Mayor of Doncaster, Ros Jones, said: “This plan outlines the Council’s priorities over the next year and becomes the focus for how we will allocate our gainshare allocation through the South Yorkshire Devolution Deal. Following consultation across the Team Doncaster partnership, we have identified key areas where investment will offer maximum impact for communities across the Doncaster borough.

“Doncaster is a place of places – and we know that communities across Doncaster are in need of investment and levelling up, – from Rossington to Stainforth to Mexborough.

“Government have committed to Levelling Up, but the current funding pots on offer are small and few in number, this investment plan of ours will enable us to focus gainshare funding to where it is most needed.

“This plan will now be submitted to the South Yorkshire Mayoral Combined Authority and I want to thank everyone for their support in helping to put the plan together.”