UK Shared Prosperity Fund
What is UKSPF?
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 full list of current UKSPF projects in Newark and Sherwood can be accessed here: UKSPF Project Live List [19kb]
UKSPF Support for Local Businesses
- Start-up, Scale-up Programme (NBV Enterprise Solutions) - Funded 121 support and workshops for aspiring entrepreneurs, small and micro businesses in Newark and Sherwood looking to learn, grow or start a business. This support is for early stage businesses up to 3 years of age, or pre-start up businesses. For more information, please contact email@example.com
- Boost NG Programme (Lincoln/Newark College) - Funded tailored support for local businesses of all ages in Newark and Sherwood including innovation solutions, professional and organisational development opportunities, access to facilities, team building, training and networking events. For more information, please contact firstname.lastname@example.org
- Business Advice (NSDC)- We are able to provide support for established small and micro businesses over 3 years of age through advice from a dedicated Business Advisor. Early stage enterprises should seek advice the Start-up/Scale-up programme. For more information, please contact email@example.com
UKSPF Employment and Skills Support
- GROW (Framework) - Group sessions and 121 employment and skills development support for economically inactive residents in Newark and Sherwood, looking to progress to employment, or develop further skills to support longer term employment aspirations. Based at Newark Exchange Centre, Newark. For more information, please contact GROW@frameworkha.org
- 'Get in-to' Programme (Inspire) - 121 employment and skills support for economically inactive residents in Newark and Sherwood including job clubs, taster courses and short-courses for adults. Based in Inspire Libraries across the District. For more information, please contact Andrew.Goodall@inspireculture.org.uk
UKSPF in Newark and Sherwood
Newark and Sherwood District Council have been allocated £3.28m 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).
All local authorities were required to submit an investment plan earlier this summer, identifying a number of proposed SPF funding interventions to support local challenges. Our local investment priorities can be found here:
A number of projects were awarded funding following a call for projects in early 2023. These initiatives 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 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.
REPF will support a number of capital 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. Further details will be released in due-course.
We are not currently accepting any applications for funding. Please review this website regularly for details of future opportunities that may be available.
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 [122kb]