UK Shared Prosperity Fund
UKSPF Grant Funding has now closed for applications
UK Shared Prosperity Grant Funding for projects starting 2024 has now closed for applications. Funding under the High Street Business Grant theme is likely to be reopening from April 2024. You can find further details on this strand of funding below.
You can find further details about the UKSPF grant in our press releases:
UKSPF Launch Press Release
Business Support Press Release
Communities & Place Press Release
Please find application guidance and funding criteria below:
Communities and Place Grant
UKSPF REPF Communities & Place Grant Guidance 2024 25
UKSPF Supporting Business Grant
UKSPF Supporting Business Grant Guidance 2024 25
Rural Business Support Grant
REPF Business Support Grant Guidance 2024 25
Please note that application forms will only be distributed once prospective applicants have undertaken a pre-application discussion with a member of the Economic Growth Team. To arrange a pre-application discussion, please contact ukspfenquiries@rushcliffe.gov.uk
High Street Business Grant
Funding applications for the business year 2024/25 have now opened! High Street Businesses can apply for up to £5,000 to help fund shopfront improvements, digital infrastructure and energy efficiency works. The grant will cover up to 70% of the total cost of the work.
These applications will be assessed on a first come, first served basis. Please find the application guidance form below:
Further information and application forms can be requested by emailing RBC's Economic Growth team at ukspfenquiries@rushcliffe.gov.uk
What is UK Shared Prosperity Fund?
The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK government’s Levelling Up agenda and a component of its support for places across the UK.
It provides £2.6 billion of capital and revenue funding for investment in local projects to be spent by March 2025. All areas of the UK will receive an allocation from the Fund.
The primary goal of UKSPF is to build pride in place and increase life chances across the UK. The fund has three investment priorities:
- Community and Place
- Supporting Local Business; and
- People and Skills
What is Rural England Prosperity Fund?
The Rural England Prosperity Fund (REPF) is a ‘top-up’ to UKSPF, to be spent between April 2023 and March 2025. The fund supports activities that specifically address the particular challenges rural areas face. It is capital funding only and is complementary to funding used to support rural areas under the UKSPF.
REPF objectives sit within the UKSPF investment priorities for:
- Supporting Local Business
- Community and Place
What does this mean for Rushcliffe?
Rushcliffe Borough Council (RBC) has been allocated £2,571,462 UKSPF and £506,193 REPF, to be spent by March 2025.
RBC’s allocated funding will be spent on activity that supports the objectives of both UKSPF and REPF, as well our own local objectives outlined in our Corporate Strategy.
For more information or any queries, please contact us by emailing econdev@rushcliffe.gov.uk
UKSPF and REPF Grants
Rushcliffe Borough Council allocated some of its UKSPF and REPF allocation from Government for grant funding. Grants between £5k and £40k for projects delivered in Rushcliffe before the end of March 2024 have been awarded to successful applicants.
Examples of projects include:
- Creating and improving local green spaces
- Supporting local arts, cultural, heritage and creative activities
- Boosting local sports facilities, tournaments, teams and leagues
- Investing in research and development
- Supporting businesses at all stages of their development to match fund their aspirations
- Strengthening Rushcliffe’s entrepreneurial ecosystems
- Investing in micro and small enterprises in rural areas, for net zero infrastructure and diversification of farm businesses
Find out more about some of our successful 2023/24 grant-funded projects:
Groups welcome over £400,000 successful UKSPF and REPF grants! - Rushcliffe Borough Council
FarmEco receives UKSPF funding to enhance rural volunteering project - Rushcliffe Borough Council
Building work now underway on new heritage railway carriage shed - Rushcliffe Borough Council
Rushcliffe residents get free energy advice from Green Doctors - Groundwork
East Leake panto in the spotlight thanks to UK Shared Prosperity Fund! - Rushcliffe Borough Council