UK Shared Prosperity Fund
The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK government's Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information, visit the government's Shared Prosperity Fund webpage.
Newark and Sherwood District Council have been allocated £3.29m of UKSPF to support local communities and businesses over the next three years. Our planned UKSPF investment aligns to our established strategic frameworks including the Community Plan 2020-2023 (PDF File, 3,747kb) and Newark & Sherwood Economic Growth Strategy 2021-2026 (PDF File, 1,281kb).
A number of projects were awarded funding following a call for projects in early 2023. These projects will be delivered over the next two years across the themes of supporting local businesses, people and skill and communities and place and further project related information will be shared in due course.
Rural England Prosperity Fund
In November 2022, the council submitted an addendum to our UKSPF investment plan to secure an additional £891k of capital funding, available to eligible rural authorities as a ‘top-up’ to UKSPF through Rural England Prosperity Fund (REPF). We are delighted to have since received confirmation of this funding which will enable us to support a variety of projects between April 2023 and March 2025.
REPF will support a number of projects across the district that aim to improve both infrastructure and opportunities for rural communities through the provision of capital funding for business growth and development as well as community initiatives.
Current Funding Opportunities
Rural Business Investment Programme - Capital grants of up to £50,000 to rural small and micro businesses looking to diversify income streams, grow and develop.
The application form and guidance document can be accessed below. Please ensure to read the guidance document thoroughly before submitting an application.
- Rural Business Investment Programme Guidance (PDF File, 236kb)
- Rural Business Investment Programme Application Form [185kb]
Applications close 5pm Wednesday 7 June 2023.
For any queries in relation to UKSPF or REPF, please contact us at UKSPF@newark-sherwooddc.gov.uk. Please find our privacy notice here: UKSPF Privacy Notice