UK Shared Prosperity Fund

Overview

The Shared Prosperity Fund (SPF) is a central pillar of the UK Government's Levelling Up agenda, providing £2.6 billion of new funding for local investment by March 2025. 

There are three themes to the SPF:

• Community and Place
• Supporting Local Business
• People and Skills

The Fund’s interventions will be planned and delivered by councils and mayoral authorities across England, Scotland and Wales – ‘lead local authorities’, working closely with local partners and the Scottish and Welsh governments. Further details of the SPF can be found on the UK Government's website (Opens in a new window).

SPF in Broxtowe

Broxtowe Borough Council has been allocated £2.58 million from the Government's UK Shared Prosperity Fund.

In August 2022, the Council submitted their Investment Plan to Government which identified how this Fund will be allocated to help level up in Broxtowe. The Investment Plan identified a range of projects and services that would address the needs within Broxtowe and that fall in-line with the themes of the SPF.

In December 2022, the Council received confirmation from Government that the Investment Plan was approved.

Previous UKSPF Broxtowe Grants in 2023 have included SME Energy, Micro-Business and High Street Business Grants which awarded over £116,000  of funding to 32 different Broxtowe Businesses. 

A Communities and Place Grant programme was launched in November 2023. Over £285,000 in grants has funded projects for 16 Community Organisations.

Current Grant Scheme

The funding for the new scheme is being allocated as follows:

Broxtowe Small Business Grants    

• Small Grants of up to £5,000 (No minimum amount). The business must provide a minimum 10% of match funding to support the project.
• Large Grants of up to £10,000. The business must provide a minimum of 20% match funding.

High Street Business Grants

• Small grants of up to £5,000. The Business must provide a minimum 10% of match funding to support the project
• Large Grants of up to £10,000. The business must provide a minimum of 20% match funding.

Business Energy Grants

There are two phases of support (energy audit and grant fund).

Businesses should complete this online form (Opens in a New Window) or call 0330 053 8639 to express their interest in a SPF business adviser supporting them to create an energy plan. The plan will ascertain an in-depth understanding of the business’ carbon footprint.

Businesses can apply for an energy grant of:

• £500 - £2,000 – Match funding is not compulsory, but we would welcome any match that the business can put into the project.
• £2,001 - £5,000 – Match funding of 10% is required from the business.
• £5,001 - £10,000 – Match funding of 20% is required from the business.

A free Broxtowe Energy Grant Readiness Workshop is taking place on 19 June at Strelley Hall, 9:30am - 3pm.  Guidance and booking information (Opens in a New Window) is available.

How to apply

Broxtowe Business Grants Guidance and Application Form    

Check the application requirements and eligibility criteria by reviewing the Broxtowe Business Grant Guidance Note (.pdf) (341 KB) (Opens in a New Window)  .

The output and outcome definitions are available as a separate file (.pdf) (80KB) (Opens in a New Window).

Once you have consulted the application criteria, take your time to fill in the Broxtowe Business Grant Application Form (Opens in a New Window)  before submission. You are required to upload documents, as detailed in the application criteria. Please note that you are able to save your application form whilst completing it.

Broxtowe Business High Street Grant Guidance and Application Form

Check the application requirements and eligibility criteria by reviewing the Broxtowe High Street Business Grant Guidance Note (.pdf) (298KB) (Opens in a New Window) 

The output and outcome definitions are available as a separate file (.pdf) (76 KB) (Opens in a New Window) 

Broxtowe Business High Street Grant Eligibility Maps are below. If you require more details on whether specific businesses fall within the eligibility area, please contact us using the details at the foot of the page. 

• Eastwood Town Centre (.pdf) (371 KB) (Opens in a New Window) 
• Stapleford Town Centre (.pdf) (379 KB) (Opens in a New Window) 
• Kimberley Town Centre (.pdf) (502 KB) (Opens in a New Window) 
• Beeston Town Centre (.pdf) (455 KB) (Opens in a New Window) 

Once you have consulted the application criteria, take your time to fill in the Broxtowe High Street Business Grant Application Form (Opens in a New Window)  before submission. You are required to upload documents, as detailed in the application criteria. Please note that you are able to save your application form whilst completing it.

Broxtowe Business Energy Grant Guidance and Application Form   

Check the application requirements and eligibility criteria by reviewing the Broxtowe Business Energy Grant Guidance Note (.pdf) (315KB) (Opens in a New Window) .

The output and outcome definitions are available as a separate file (.pdf) (77 KB) (Opens in a New Window) .

Once you have consulted the application criteria, take your time to fill in the Broxtowe Business Energy Grant Application Form (Opens in a New Window) before submission. You are required to upload documents, as detailed in the application criteria. Please note that you are able to save your application form whilst completing it.

The application window closes at 5pm on Monday 19 August 2024.

Please read through the Guidance Note before starting to fill in your application form.

You are able to save your application form whilst completing it and you are required to upload documents, as detailed in the Guidance Note.

All applications will be considered at the same time, after the grant scheme has closed and successful bidders will be informed in September 2024. 

Submissions that do not contain the required information may not be considered, but sometimes additional information may be required. If this is the case, you will be contacted by the Economic Development team at Broxtowe Borough Council.  We cannot consider incomplete submissions and will contact you if we need further information. Completing the application form does not guarantee your organisation any funds. 

In Broxtowe we offer access to business advisors from Nottinghamshire County Council and East Midlands Chamber. The Broxtowe Accelerator programme is also available for business support . Contact details are provided in this guidance note (.pdf) (72KB) (Opens in a New Window). 

Enquiries about the Shared Prosperity Fund can be sent to the Economic Development team at SPF@broxtowe.gov.uk