District Council invites local businesses and community organisations to apply for fundingPosted on: Wednesday, July 19, 2023
Local organisations can now apply for a grant thanks to additional funding secured by Newark and Sherwood District Council through the Rural England Prosperity Fund (REPF) and a contribution from the District Council’s UK Shared Prosperity Fund (UKSPF) allocation.
The District Council invites organisations to apply for funding through the recently launched Rural Community Investment grants that will support capital projects that meet the guidance outlined on the District Council website which can be found here: https://www.newark-sherwooddc.gov.uk/spf/ukspf-and-repf-funding-opportunities/. Available through REPF, eligible organisations can apply for funding for community projects over the value of £40,000.
Rural small and micro businesses are also able to access funding through the Rural Business Investment grants, seeking to drive economic growth and support the rural economy through investment in business diversification and growth projects. Eligible businesses can apply for up to 60% of their project cost up to the value of £50,000.
In addition, small and micro enterprises across all areas of the district are now able to apply for a grant of up to £2,000, as part of the District Council’s Business Growth and Sustainability grant, to help their business grow and develop through funding made available through UKSPF. The grants will focus on purchases that will support businesses against either three themes of innovation, environmental sustainability or digitalisation and marketing.
Funding is available for the delivery of projects complete within the 2023-2024 financial year.
Applications close for all current funding opportunities on 14th August 2023.
For more information regarding the funding opportunities, including full criteria and how to apply, please visit the Newark and Sherwood District Council website: https://www.newark-sherwooddc.gov.uk/spf/ukspf-and-repf-funding-opportunities/
Councillor Matthew Spoors, Portfolio Holder for Sustainable Economic Development at Newark and Sherwood District Council, said: “I am pleased to say that we have launched further funding opportunities for local organisations through Rural England Prosperity Fund and UK Shared Prosperity Fund. These schemes will enable us to continue investing in our local areas by supporting projects at the heart of the communities and creating important opportunities for our residents.
“If you are a local organisation and have a project that meets the funding criteria, please consider applying or getting in touch to discuss.”
Newark and Sherwood District Council secured an extra £891k through the Rural England Prosperity Fund (REPF), an addition to the £3.9m UK Shared Prosperity Fund (UKSPF) to spend over the next two years to develop and invest in rural communities and the economy. The funding will support various capital projects between April 2023 and March 2025 that aim to make a positive difference in rural communities.