The UK Shared Prosperity Fund and Rural England Prosperity Fund
The UK Shared Prosperity Fund
The UK Shared Prosperity Fund (UKSPF) is providing £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, people and skills.
£1.6 million has been awarded to us to invest in local projects until March 2025. An investment plan was submitted to the government which supports local business, communities and local people through the five projects, this was approved at full council in July 2022.
Rural England Prosperity Fund
Following approval of Teignbridge's Rural England Prosperity Fund (Rural Fund) addendum, an additional £650,332 has been allocated to Teignbridge to be invested in rural projects. A top up to the UKSPF, this funding is to improve productivity and strengthen the rural economy and rural communities. This addendum was approved by full council in November 2022.
Projects and grant schemes
These projects and grant schemes were developed according to the UK Shared Prosperity Fund and Rural England Prosperity Fund guidelines. They are outlined in both the UKSPF Investment Plan and Rural Fund investment plan that were approved by full council and central government.
Teignbridge Arts Project (TAP)
Rural Transport and Connectivity Fund
Business support for clean growth and diversity
A programme consisting of training courses, support and advice for Teignbridge based businesses with a focus on harder to reach groups, neurodiversity, clean growth and supporting women in business.
Markets and town centres promotion and coordination
Promotion of Teignbridge towns to help increase visitor and footfall numbers.
Violence prevention against women and girls
A preventative scheme that will have a measurable impact on violence rates and addressing harmful sexual behaviour and exploitation.