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).
The funding will continue to support the delivery of a number of local priority projects, as well as access to grant funded opportunities for local businesses and community organisations.
Rural England Prosperity Fund
In November 2022, the District 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. This will include a number of capital projects across the district that aim to improve connectivity, support the rural economy and improve access to social, physical and economic opportunities for rural people.
We are currently accepting expressions of interests for funding for community projects to be delivered from April 2024. For more information please visit our UKSPF and REPF funding opportunities webpage.
For any other 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 [122kb]