Gateshead is set for an £11m cash boost – but council chiefs warn it is a "drop in the ocean" compared to previous EU funding.
Council bosses have agreed plans to secure £11.6m of government money from the new UK Shared Prosperity Fund, a £2.6bn post-Brexit pot for local authorities across the UK to access to replace European funding streams which come to an end in 2023.
The local authority's cabinet agreed on Tuesday morning to submit an investment plan to the Department for Levelling Up, Housing and Communities (DLUHC) in order to collect its funding allocation.
