UK Shared Prosperity Fund

Call for expressions of interest in the Community and Place 'Good Ideas Fund'

Overview

The Shared Prosperity Fund (SPF) is a central pillar of the UK Government's Levelling Up agenda, providing £2.6 billion of new funding for local investment by March 2025.

There are three themes to the SPF:

Community and Place
Supporting Local Business
People and Skills

The Fund’s interventions will be planned and delivered by councils and mayoral authorities across England, Scotland and Wales – ‘lead local authorities’, working closely with local partners and the Scottish and Welsh governments. Further details of the SPF can be found on the UK Government's website (Opens in a new window).

SPF in Broxtowe

Broxtowe Borough Council has been allocated £2.56million from the Government's UK Shared Prosperity Fund.

Earlier in the year, the Council submitted their Investment Plan to Government which identified how this Fund will be allocated to help level up in Broxtowe. The Investment Plan identified a range of projects and services that would address the needs within Broxtowe and that fall in-line with the themes of the SPF.

In December, the Council received confirmation from Government that the Investment Plan was approved.

New Grant Scheme

£75,000 funding is now open for applications to support businesses in Broxtowe as part of a new grant scheme from Broxtowe Borough Council.

The scheme will fund grants of up to £2,500 for things like:

Shop and business frontage improvements including signage;
Street scene or conservation area related initiatives
Environmental energy saving measures
Disability access improvements
Digital, productivity and ecommerce investments that improve productivity or create jobs

The scheme follows the successful recovery grant scheme which has been rolled out in Stapleford as part of the Stapleford Town Deal and which has seen over 70 businesses supported spending £1m and those businesses providing over £170,000 of their own money in co-funding.

The funding for the new scheme is being allocated as follows:

Kimberley(Opens in a New Window) - £25,000 as part of the Levelling Up Fund
Eastwood(Opens in a New Window) – £25,000 as part of the UK Shared Prosperity Fund
Beeston/Chilwell(Opens in a New Window) - £25,000 as part of the UK Shared Prosperity Fund

Applications close on 20 March 2023.

Applications which can incorporate match funding are strongly encouraged.

Community and Place 'Good Ideas Fund'

An important element of the Investment Plan was the creation of a 'Good Ideas Fund' under the Community and Place theme of the SPF. This will enable local community, charitable, voluntary and other organisations to request grants of between £5,000 and £15,000 for projects or services that are in-keeping with the Community and Place strand of SPF.

The Good Ideas Fund is available to constituted organisations who can show that they can improve their local areas through projects that will produce:

Pride in place
Crime reduction
Social cohesion
Poverty reduction
Support for local arts, culture, heritage and sports clubs
Restoring community spaces and relationships

Expressions of Interest in the Good Ideas Fund

Broxtowe Borough Council is calling for expressions of interest in the Communities and Place Good Ideas Fund from local organisations whose projects fit the above criteria. We want to encourage local voluntary and charitable organisations to apply for funding to help their local communities. Funding can only be given to organisations who are properly constituted. No individuals will be offered an award.

Organisations must be based and operating in Broxtowe and requests must align with the Community and Place strand of the SPF.

For further details about the SPF to inform your application, please refer to the UK SPF Prospectus (Opens in a new window).

For further detail about the investment priorities and how your organisation/project aligns to them, please see the SPF interventions list on the Government website (Opens in a new window).

Applications to the Good Ideas Fund closed on the 31 January 2023.

This programme is funded by the UK Government's Shared Prosperity Fund.

Contact

Economic Development

economic.development@broxtowe.gov.uk