cdc spf

Cotswold District to receive £1,000,000 from UK Shared Prosperity Fund

Cotswold District Council has been allocated a total of £1m funding from the UK Shared Prosperity Fund (UKSPF) as part of the government’s Levelling Up agenda. The funding will be used to build pride in communities, support local businesses and improve employment and training opportunities.

Cllr Tony Dale, Cabinet Member for the Economy and Transformation, said “We’ve been through a thorough process to work out how best to use this funding to support local communities, businesses and people. 

“Year one projects have been confirmed by an evaluation panel, made up of the Council and local partners, who have carried out assessments of all projects submitted.

“This funding is really going to help us deliver some exciting projects in the Cotswold District and I am looking forward to seeing the benefits that these will bring.”

The UKSPF funding is spread over three financial years, running until 31st March 2025, with the majority of the funding coming in the final year. The funding has three investment priority themes, which are:

  • Communities and Place
  • Supporting Local Business
  • People and Skills (for 2024/25 only)

The projects chosen for year one are already well-developed and can be delivered rapidly as the funding needs to be spent by 31st March this year.

Year one projects receiving funding from the UKSPF include:

  • A feasibility study in bringing the Old Station building in Cirencester back into use.
  • Clean and Green projects (including sustainability initiatives and public realm improvements) across the District
  • Initiatives to combat littering and fly tipping across the District
  • A feasibility study into a cycle path from Bourton-on-the-Water to Kingham, together with other measures to promote active travel
  • A promotional campaign to encourage people to visit town centres and support local businesses

Applications will be sought for projects to fund in years two and three, which will be based on the ‘interventions’ set out in the Council’s submission to the government, which has now been approved.

The key areas of focus for investment in years two and three will be:

  • Improving green spaces
  • Supporting town centres
  • Energy efficiency
  • Active travel
  • Business Support
  • Bringing forward employment sites
  • Supporting people into work
  • Green skills 

If the annual funding allocation is not spent, it has to be repaid to the government so the deliverability of projects has been a key consideration to manage the risk of underspend.

The fund can be used to give grants to public or private organisations, commission third-party organisations, procure services  or provide loans.

You can find out more about the funding and the projects it will support at   

Contact Information

Cotswold District Council Communications Team

Notes to editors

Notes to editors:

The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of 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

Cotswold District Council has been allocated £1,000,000 of funding from the UK Government and part of the UKSPF, with set allocations for each of the three years which must be spent in-year and cannot be rolled forward. This is set out in the Spend Profile table below:

Financial year





Funding allocation





Minimum capital





Maximum revenue