UK Shared Prosperity Fund
UKSPF Grant Funding is now open for applications
UK Shared Prosperity Grant Funding for projects starting 2024 is now open for applications. Funding is available for Communities and Place, UKSPF Business Support and Rural Business Support projects. We also have further, limited funding available under the High Street Business grant scheme.
You can find further details about the UKSPF grant in our press releases:
UKSPF Launch Press Release
Please find application guidance and funding criteria below:
Communities and Place Grant
UKSPF Supporting Business Grant
Rural Business Support Grant
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 firstname.lastname@example.org
High Street Business Grant
We now have further, very limited funding available under the High Street Business Grant scheme. These applications will be assessed on a first come, first served basis. Please find application guidance and application forms below:
Application Guidance & Criteria - UKSPF HSSBG Applicant Guidance
Application Form - UKSPF HSSBG Application Form
If you have any questions or concerns, please contact the Economic Growth team at email@example.com
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 firstname.lastname@example.org
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:
UKSPF Year 3 Webinars
To coincide with the reopening of the UKSPF application process for Communities & Place and Business Support Grants, the Economic Growth team will be holding webinars for each area. This will give potential applicants the opportunity to find out more information on the grant process and what is required, as well as being able to ask any questions they may have.
UKSPF Business Support Webinar
Monday 13 November 2023 - 5:30pm - 6:30pm
This webinar is aimed at businesses within Rushcliffe who have potential projects in mind to develop and grow, which could benefit grant funding from UKSPF. The Economic Growth team will provide further information on the Business Support grant criteria and answer any questions they may have on the application process.
Those who were unable to attend can access the information slides here - UKSPF Business Support Webinar Slides
UKSPF Communities & Place Webinar
Thursday 16 November 2023 - 5:30pm - 6:30pm
This webinar is aimed at community groups, clubs and organisations within Rushcliffe. The Economic Growth team will be on hand to give further information on the Communities & Place grant funding, which covers a broad range of possible projects. Attendees will also be invited to ask any questions they may have surrounding the application guidance and process.
To book your place on either of our webinars, please contact the Economic Growth Team at UKSPFenquiries@rushcliffe.gov.uk.