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July 2022

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Published on 26 July 2022

Investment plan to be submitted to Government

Councillors have agreed to submit an investment plan to the Government on how it plans to spend £1.6m funding allocated to it from the UK Shared Prosperity Fund.(UKSPF)

The UKSPF has been introduced by the Government with the primary goal of building pride in places and increasing life chances across the UK.

In developing its investment plan, Teignbridge has focused on supporting local business, communities and local people. 

The core themes set out below support businesses, activity to counter violence against women and girls, town centres and open air markets as well as promoting wider participation in the arts.

Green Business Grant

A competitive grant programme to help businesses invest in decarbonising their assets and operations. This would be similar to Teignbridge’s previous Small Firms Employment Fund. The scheme would be supported by independent energy and carbon assessments and applicants would be strongly encouraged to assemble this evidence before submitting a bid to the fund

Violence prevention against women and girls

A programme of education and advice, including for children and parents. A preventative scheme that can have a measurable impact on violence rates and addressing harmful sexual behaviour and exploitation and that makes the most of existing networks where that are already in place.

Business support for clean growth and diversity

Business support delivered by expert providers through a range of methods in order to help businesses start, grow and continue to operate sustainably. This programme would include a focus on harder to reach groups, neurodiversity and supporting women in business. There may be opportunities to coordinate this with the Government-funded Help to Grow programme.

Markets and town centres promotion and coordination

Town centre management and creation of a network of open-air markets across towns in Teignbridge. Formation of a network between towns and appointment of a town centres manager. Procurement of support with preparing a vision, promotion of the towns and markets to traders and marketing to help increase visitor and footfall numbers. A key objective will be developing a sustainable and fully funded business model for this initiative to continue in future years.

 Exhibiting, performing and participating in art

A competitive grant scheme aimed at enhancing Teignbridge’s existing opportunities to experience and participate in arts. Bids to support exhibitions and public performances would be encouraged, as well as a particular focus on stimulating wider participation, including amongst the district’s more deprived neighbourhoods.

The Investment plan must be submitted by 1 August with a decision expected from the Government in October.