UK Shared Prosperity Fund 2025-26

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

The fund aims 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 is supporting 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 will continue to deliver a highly successful grant scheme that has supports local businesses and organisations.

Some of the projects that will benefit from Hinckley & Bosworth Borough Council core 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 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 wayfinding and public realm improvements. Marketing support is also provided
• Warm Welcome – supports warm welcome spaces across the borough. 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
• Food poverty - addressing food poverty and offering 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 to provide business engagement activity through events and support
• Key events – including Armed Forces 80th Anniversary of VE Day and Festival of History linked to the launch of the B1484 sculpture trail
• Atkins Gallery – working 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: 02/05/2025 15:53