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UK Shared Prosperity Fund

In 2022, the UK government announced plans to provide £2.6 billion of funding for local investment as part of a three-year UK Shared Prosperity Fund. The UK government’s Autumn Budget in 2024 announced a further £900 million to extend the programme until 2026.

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 has been allocated £1.35m of UKSPF to support local communities and businesses in 2025 and 2026. Our planned UKSPF investment aligns to our established strategic frameworks including the NSDC Community Plan (PDF File, 17,357kb) 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, we submitted an addendum to our UKSPF investment plan, which enabled us to secure an additional £891k of capital funding, available to eligible rural authorities as a ‘top-up’ to UKSPF through the Rural England Prosperity Fund (REPF).

A further £33 million was announced in the UK government’s Autumn Budget in 2024, extending the REPF lifetime by a year. Within this, Newark and Sherwood was allocated £267,000, which will be used for a Rural England Prosperity Fund Grant Scheme.

The funding will deliver a variety of capital projects until March 2026 which will support the rural economy and improve access to social, physical and economic opportunities for rural people.

Funding Opportunities

Now open!

We are now accepting applications for two grant funding opportunities. To find out more visit: UKSPF and REPF Funding Opportunities

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 (PDF File, 124kb)