Future Charnwood Investment Plan

Charnwood Borough Council has been given an allocation of funding by Government under the UK Shared Prosperity Fund (UKSPF).

The Council has developed the Future Charnwood Investment Plan which sets out projects that meet the UKSPF’s aims to build pride in places and increase life chances.

The three investment priorities of the UKSPF are:

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

The Council has been allocated just over £4 million under the UK Shared Prosperity Fund.

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. Find out more 

In May 2022, the Council appealed for projects to be considered for the investment plan.

We received 53 applications with projects worth a total of over £15 million. The Council undertook a scoring process against criteria and chose 10 projects to include in the investment plan.

The investment plan was submitted to the Department of Levelling-up, Housing and Communities (DLUHC) for a final decision in 2022 and it was approved in early 2023.

Some of the proposals put forward which have not been included in the plan have been put on a reserve list in case other projects do not progress. 

Summary of the proposals included in the Future Charnwood Investment Plan

More information can be found in the frequently asked questions section.