We have been awarded one of the largest pots of money in the country from the government’s ‘UK Shared Prosperity Fund’ after successfully putting forward schemes to help regeneration, climate change and culture. The money has come from the UK Shared Prosperity Fund and is part of the UK government’s Levelling Up agenda.
In April 2022, the Department of Levelling Up, Housing and Communities (DLUHC) published the UK Shared Prosperity Fund: prospectus - GOV.UK (www.gov.uk).
The 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 total allocation to Stafford Borough Council was £4,673,295. It covers a three year period to 2025 and focuses on three key investment themes:
- community and place
- supporting local business
- people and skills (funding released in 2024 to 2025)
An investment plan was created and approved by Cabinet, this was then submitted to government. In December 2022 the government approved our investment plan, setting out how we propose to spend the funding in our communities over the period up to March 2025.
Our plan covers 5 key themes:
- £1.5 million towards the Stafford town centre transformation programme
- Around £1m to drive the visitor economy
- £250,000 on climate change projects
- £500,000 for grants to help local businesses grow
- £1m to support business innovation
Our first year of funding has been allocated and projects are live, April 2023-March 2024 sees 6 projects being delivered including our £500,0000 business grant scheme.
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