Gareth Davies MP has welcomed the extra £540,460 of Government funding provided to South Kesteven District Council to help meet the unique requirements and challenges of rural areas.
This money, from the Rural England Prosperity Fund, is in addition to the £3.9m already allocated to South Kesteven through the UK Shared Prosperity Fund as part of the Government’s wider Levelling-Up ambition.
The Rural Fund aims to provide investment in local infrastructure to offer new and improved community services for local people and to bolster the rural economy by raising productivity and encouraging capital projects for small businesses.
The Council’s economic development team, InvestSK, will now engage with partners and businesses to propose specific projects to the Government for endorsement. Among businesses that may be eligible for grants under the scheme are farms looking to diversify by opening a farm shop, wedding venue or tourism facilities.
The funding is available from April 2023 to March 2025.
Gareth said:
“I am pleased that our area has received further Government funding to support our rural economy. There are undoubtedly a number of challenges facing our area of which some of these issues can be met through the Rural Prosperity Fund. This will be a very welcome boost supporting our local businesses and I look forward to working with South Kesteven District Council in ensuring this allocation of funding helps those who most need our support.”
