UK Shared Prosperity Fund
The UK Shared Prosperity Fund (UKSPF) is the central pillar of the UK Government’s Levelling Up agenda. This fund aims to improve pride in place and increase in life chances across the UK by investing in communities and place, supporting local businesses, people and skills. We have received an allocation of £1.7M which will be used to fund projects up to March 2025.
Below you can find out about the projects the UKSPF will be used for to support the residents and businesses in South Cambridgeshire.
Greener Business Impact Programme
The Green Business Impact Programme supports businesses in their efforts to reduce their carbon footprint and embed sustainability into business operations and integrate climate change into decision making. This includes fully funded access to sustainability experts, to create a 5-year roadmap to help businesses reduce their carbon footprint, improve energy efficiency and cut utility bills. Businesses will also have the opportunity to secure match funding capital grants of up to £5,000.
This is a jointly delivered project to support businesses to become greener within Cambridge City, South Cambridgeshire and Huntingdonshire districts. The scheme will be delivered by charity organisations Allia and PECT.
The programme will run until March 2025.
BIPC Jumpstart
BIPC Jumpstart is a support programme and grants scheme for start-up businesses. It is being delivered by the Business and IP Centre Cambridgeshire and Peterborough on our behalf.
BIPC Jumpstart includes:
- Support programme: expert workshops and one-to-ones to help you gain invaluable insights and guidance from experienced industry professionals. BIPC Jumpstart connects entrepreneurs with a network of subject matter experts who can offer personalised advice to help new businesses start their business journey
- Access to resources: these will help entrepreneurs research their market, identify opportunities and make well-informed decisions when developing business plans. We want to equip new businesses with the tools they need to thrive in today's competitive landscape
- BIPC Jumpstart Grant: Grant applications opened in September 2023, and close on Dec 1 2023. Grants of up to £10,000 have been made available for application for eligible entrepreneurs.
The programme will run March 2025.
Get Set and Grow
Get Set and Grow is a practical, result driven programme, delivered by BIPC to help East Cambridgeshire, Huntingdonshire and South Cambridgeshire based businesses grow. It provides a mix of workshops and one to ones to maximise the impact and learning lessons.
The key themes addressed in the programme will focus on:
- fundamental principles to help your business to innovate and scale
- how to refine business models
- monetising assets
- diversifying products or service offerings to reach new audiences
The programme will run 6 times up until December 2024. By December 2024 120 businesses will have been supported with their growth aspirations.
For more information including eligibility criteria and terms and conditions visit the BIPC website.
Northstowe Community Centre
Funds have been allocated to help deliver some of the community infrastructure needed to support a thriving community in the new housing development of our biggest and newest community in Northstowe. Phased delivery of this infrastructure will ensure appropriate spaces are available as the population expands, with some of the funds going towards the temporary community building, Sports Pavilion and the permanent community building.
Green spaces
This project involves detailed work with communities, undertaken with support from professional landscape architects, to bring forward ambitious improvements at selected locations across South Cambridgeshire. It involves users in the design process, with a view to securing and/or improving community gardens and greenspaces.
The funding will be used to appoint a landscape architecture consultancy to assist communities in developing their own plans, and subsequently capital funding will be made available to communities, to bring in their own contractors and/or use voluntary efforts with materials purchased through a grant process to make the on-the-ground improvements, assessed against the plans developed.
This project will run to March 2025.
Improving high streets
A grants scheme will be open for parish councils, community groups and local businesses to apply for to help support the improvement of the local high street. This can be funding for improvements to the vicinity of the highstreets such as repainting of rails, improvements that improve the appearance of the area such as hanging baskets, flowerbeds, planters, street cleaning, signage, or street art and sculpture.
The aim of this project is to support local small businesses who will benefit from the improved high street spaces, which will attract shoppers and communities and increase footfall and trade for those businesses. Green spaces, community centres and similar spaces located near the high street should also benefit to bring about improved community health and wellbeing, and pride in place will also be improved within the local community.
Another strand of this project will be working with Cambridgeshire Constabulary as part of our Community Safety Partnership, as an intervention to prevent the incidences of ATM robberies which are frequent in South Cambridgeshire. Funding will be used to purchase and install anti-ram raid planters, bollards or similar interventions. Businesses that are impacted by ATM theft should see a decrease in attempts of theft and damage to their premises. This will also increase community confidence by providing a safer environment.
The scheme will be open to March 2025.
New start up grant
We will deliver a grant scheme to support in assisting new businesses get off the ground, or help those with a growth plan leading to the creation of jobs, via the funding application process.
This scheme is for businesses who:
- are looking to set up a new business
- are seeking support at pre-start up level to ensure a viable business proposition
- are looking to grow with currently less than 3 employees
- are seeking workspace opportunities.
The grant scheme will open in late Spring 2024.
Greater Cambridge markets programme
We share this project with Cambridge City Council. The programme is made up of 3 strands:
Markets Economic and Social Impact Programme, which will:
- measure the holistic economic, social, and cultural values of traditional retail markets across Cambridge City and our district
- allow us to better understand values, challenges and roles our communities face.
Youth enterprise and business growth programme, which will:
- support and coach young entrepreneurs across Cambridge City and our district to develop and grow a business plan with a long-term view
- provide opportunities to take their products to a traditional retail market to test their business ideas
- help and grow aspiring and established small and medium-sized market enterprises across Cambridge City and our district
- provide hands on advice and support to develop their business models.
Visitor economy destination plan, which will:
- support businesses by encouraging a stronger ‘shop local’ and ‘visit local’ ethos to consumers
- provide a strategic vision to improve the economic, social and environmental impacts of Greater Cambridge as a visitor destination.
The programme will run to March 2025.