Stratford-on-Avon District Council has successfully secured approximately £3.59 million from the government's UK Shared Prosperity Fund (UKSPF) to diversify communities, enhance local skills, improve infrastructure and help to accelerate economic growth across the district within the next 3 years.
The funding comes from the government's UK Shared Prosperity Fund (UKSPF) which is part of the government's Levelling Up agenda, providing £2.6 billion of new funding for local authorities to apply for and invest in their districts and boroughs by March 2025. Earlier this year, Stratford-on-Avon District Council engaged with key partners to develop and submit an Investment Plan for the district to receive an allocation from the national fund to spend over the next three years.
The District Council's Investment Plan identified a range of potential projects and activities that could benefit from the funding in-line with the three priorities set out by central government: supporting communities and place, local businesses and people and skills. UKSPF will create the opportunity for investment in several selected projects and programmes, enabling those that are existing to grow and diversify as well as the delivery of a range of new and innovating activities. Organisations will be able to apply for funding in the coming weeks to support the delivery of projects across the district until March 2025 that align to the UKSPF aims and objectives and support localised challenges and opportunities. The Council expects its allocation to be released from central government within the financial years indicatively as follows:
|Fund Year||Financial Year||Indicative Amount *|
|Year 1||2022/2023 **||£436 k|
|Year 2||2023/2024||£873 k|
|Year 3||2024/2025||£2.29 m|
* Approximately rounded figures.
** From allocation up until end March 2023.
The Year 1 Call for Projects application process was opened on 22 December 2022. The call closed on Wednesday 25 January 2023 at 1.00pm. All received project applications will now undergo an assessment before being approved.
Online briefing sessions were held on Wednesday 11 January 2023 at 2pm and Thursday 12 January 2023 at 10.30am. This gave potential applicants opportunity to seek clarifications before they completed and submitted the form. Alternatively, questions have and can continue to be sent to email@example.com which will be responded to as soon as practically possible by the team.
There is an outline expectation to make decisions on selected projects by the end of February 2023 and for grant agreements to be in place by end March 2023.
Further details will be shared on this page as the programme develops so be sure to check back for more information and also if you are interested in future calls for projects in Years 2 and 3.