UK Shared Prosperity Fund
Find out more on the UK Shared Prosperity Fund, what it means for East Herts and applying for a business grant.
What is the UK Shared Prosperity Fund?
It is £1,773,136 to be spent between now and 31 March 2025 on supporting our communities, businesses, towns and villages and tackling climate change.
East Herts is a partially rural area, so the Department for Levelling Up, Housing and Communities has provided an extra £472,841 from the Rural Prosperity Fund, meaning East Herts will oversee an additional £2,245,977 of investment in the district in the next 2-3 years.
How will the money be spent?
Having engaged with partners across the district to identify investment priorities, the council agreed to support four areas:
- Delivering the district’s cultural strategy: funding community and voluntary groups to increase inclusion and participation in different events and activities.
- Delivering the district’s climate change strategy: funding the installation of more low-carbon technology and encouraging behaviour change.
- Supporting improvements in town and village centres to increase footfall.
- Supporting businesses with grants to invest in new technology or diversify their income.
Read more in the council report.
