Tees Valley Combined Authority, in partnership with Redcar & Cleveland Borough Council, has launched the third round of its Rural England Prosperity Fund programme
Posted on 06 August 2025
The Rural England Prosperity Fund (otherwise referred to as the “Rural Fund”) is a capital grant programme integrated into the UK Shared Prosperity Fund (UKSPF).
In Tees Valley, the Rural England Prosperity Fund is led by Tees Valley Combined Authority, in partnership with Redcar and Cleveland Borough Council.
The aim of the Rural Fund is to help improve productivity, strengthen and benefit the rural economy and rural communities. In Tees Valley, the Rural Fund can only be used to finance capital projects for small rural businesses and communities in rural areas* of Redcar and Cleveland.
The Rural Fund allocation for Tees Valley is £187,000 and this will provide capital grant funding of between £1k-£15k to eligible businesses and communities.
The Rural Fund supports activities that specifically address the particular challenges faced by rural areas*, detailed below.
Rural areas* often face specific challenges including:
- Lower productivity rates
- Poorer connectivity
- Poorer access to key services
Source / Read more: https://teesvalley-ca.gov.uk/business/ukspf-rural-england-prosperity-fund-round-3/
