Rural business to receive helping hand
Country Life UK|September 14, 2022
A NEW Government initiative to boost investment in the rural economy has been welcomed by countryside organisations. CLA president Mark Tufnell describes it as ‘the first steps towards delivering a robust and ambitious plan to create economic growth in the countryside’. Earlier this month,
Rural business to receive helping hand

Defra launched the Rural England Prosperity Fund (REPF), which promises up to £110 million of fresh investment. The aim is to improve the productivity of England’s rural areas, which fell from about 89% of the England average in 2001 to about 81% in 2019.

This money is in addition to the £2.6 billion allocated to the UK Shared Prosperity Fund (UKSPF) to support country-wide levelling up. The new fund will be part of the UKSPF and is intended as a rural top-up for eligible local authorities in England (funding has already been provided to devolved governments as part of the replacement to the Common Agricultural Policy). REPF is available to any organisa- tion not receiving funding from another Defra scheme, from local authorities to private-sector companies, voluntary groups and charities.

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