UK Shared Prosperity Fund 2022-25

The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK government’s levelling up agenda and provides 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, and people and skills. For more information, visit UK Shared Prosperity Fund (GOV.UK)

Businesses, organisations and communities in Hinckley and Bosworth have benefitted from around £2.6million of new funding following the council’s successful bid to the government’s UK Shared Prosperity Fund.

The UK Shared Prosperity Fund has supported a range of projects across the borough, including regeneration work, tourism and visitor initiatives, business and community grants, town centre public realm and infrastructure improvement, energy efficiency schemes and training and employment support.

In addition to capital investment, the Hinckley and Bosworth UKSPF scheme has created funded officer posts to support the delivery of the scheme.

In addition to the core UKSPF £2.6m funding, Hinckley & Bosworth Borough Council was awarded a further £400,000 of Rural England Prosperity Funding (REPF). The REPF capital only funding has delivered a highly successful grant scheme that has supported local businesses and organisations.

Some of the projects that benefit from Hinckley and Bosworth Borough Council core £2.6m UKSPF investment:

• Business prosperity grants – local business grant funding to deliver a range of projects including solar panels, specialist equipment to improve production and diversification, energy efficiency, diversification and property improvements
• Heritage Building Improvement Grant – a capital grant scheme that offers local property owners financial support to make repairs and renovations to heritage and historically important buildings
• Hinckley Town Centre Improvements – a scheme of capital works to Hinckley town centre including deep cleansing, replacement of street furniture, car park and public realm improvements. Marketing support is also provided
• Warm Welcome – support warm welcome spaces across the borough including the recruitment of new venues. The venues deliver over 125 sessions per week offering local residents access to support around health and wellbeing, finance, energy advice and winter warm packs
• Welfare support – support people experiencing financial hardship with outreach work and working in partnership with rural communities
• Active travel – supporting local people to make active travel choices for education, employment and recreation, wellbeing purposes. Developing a bike hire scheme and a network of active travel champions
• Youth Activator – engaging and empowering young people to co-design solutions to challenges they are facing, providing mentoring, informal café drop-in and peer mentoring
•  Adult wellness – providing opportunities to older adults through bespoke wellness offer to reduce the gap in health inequalities by 2030
• Food poverty – addressing food poverty and offering mental health support across the borough by building a coherent network of food and service providers
• Energy efficiency – energy efficiency works to properties which included fitting of solar panels
• Defibs – installation of defibs fitted to venues across the Borough
• Employment and training support – new programmes to support access to work for those furthest from the workplace and the economically inactive
• Business support activity – new programmes to provide business support including a focus on Zero Carbon, digital skills, tourism, start up support and growth of small and medium sized businesses
• Sustainable tourism support programme – a sustainable tourism campaign that supports tourism and hospitality businesses to reduce their carbon footprints and promote a greener visitor economy
• Taste the Place – local food and drink product development and marketing campaign to show case local food and drink producers
• Feasibility studies - property surveys, economic impact assessments and Hinckley Town Centre Feasibility Study and Masterplan
• If you would like any further information on the Hinckley & Bosworth Borough Council UKSPF programme, please contact Regeneration: Regeneration contact form

Last updated: 07/03/2025 15:33