UK Shared Prosperity Fund 2025-26

The UK Shared Prosperity Fund (UKSPF) provided funding for local investment by March 2026.

The fund aimed to improve pride in place and increase life chances across the UK by:

• Investing in communities and place
• Supporting local business, and people and skills

For more information on the fund, visit UK Shared Prosperity Fund: prospectus (GOV.UK)

Businesses, organisations and communities in Hinckley and Bosworth have benefitted from and additional £850,000 of UKSPF funding, following the council’s successful delivery of the £2.6m 2022-25 scheme.

The UK Shared prosperity has supported a range of projects across the borough, including:

• Regeneration projects
• Tourism and visitor initiatives
• Business and community grants
• Town centre public realm and infrastructure improvement
• Energy efficiency schemes
• Training and employment support

In addition to capital investment, the Hinckley and Bosworth UKSPF Year 4 funded scheme has safeguarded officer posts to continue to deliver projects in year four.

In addition, to the core UKSPF £850,000 funding, Hinckley and Bosworth Borough Council was awarded a further £120,261 of Rural England Prosperity Funding (REPF). The REPF capital-only funding continued to deliver a highly successful grant scheme that has supports local businesses and organisations.

Some of the projects that benefited from Hinckley & Bosworth Borough Council core UKSPF investment:

• Business prosperity grants – local business grant funded to deliver a range of projects including solar panels, specialist equipment to improve production and diversification, energy efficiency and property improvements
• Heritage Building Improvement Grant – a capital grant scheme that offered 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 wayfinding and public realm improvements. Marketing support was also provided
• Warm Welcome – supported warm welcome spaces across the borough. The venues delivered sessions offering local residents access to support around health and wellbeing, finance, energy advice and winter warm packs
• Food poverty - addressed food poverty and offered mental health support across the borough by building a coherent network of food and service providers
• Employment and training support – programme to support access to work for those furthest from the workplace and the economically inactive
• Business support activity – programmes provided business engagement activity through events and support
• Key events – included Armed Forces 80th Anniversary of VE Day and Festival of History linked to the launch of the B1484 sculpture trail
• Atkins Gallery – worked with the creative consortium to improve the cultural offer at the gallery

If you would like any further information on the Hinckley & Bosworth Borough Council UKSPF programme, please contact Regeneration: Regeneration contact form

Last updated: 01/04/2026 10:00