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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 has however reopened. You can find further details on this strand of funding below.

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

Find out more about UKSPF

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

Find out more about REPF

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

Grants of up to £40k available for your project from the UK Shared Prosperity Fund and Rural England Prosperity Fund! - Rushcliffe Borough Council

Applications open for further community projects to receive up to £40k UKSPF and REPF funding - Rushcliffe Borough Council