Nottingham City Council has secured an additional £4.6 million through the extended UK Shared Prosperity Fund, administered by the East Midlands Counties Combined Authority. The funding will strengthen business support, develop workforce skills, and enhance local communities. The programme will run until March 2026.
The investment will be directed towards six core areas: supporting community and employment initiatives, improving the city centre and surrounding neighbourhoods, growing the visitor economy, attracting inward investment, helping businesses scale, and boosting digital and green skills. These priorities also support Nottingham’s broader aims of achieving carbon neutrality and maintaining an inclusive local economy.
Several new grant schemes are being rolled out, with applications now open to local businesses and community organisations. These include the Essential Skills Grant, Community Venues and Spaces Grant, and Community Engagement Grant, all launched in early April. Additional grants such as the Winter Support Grant, Business Productivity Grant, and Decarbonisation Grant will follow later this year.
So far, £1.6 million from the fund has already been allocated to projects aimed at employment support and business growth, as Nottingham looks to create lasting economic impact through targeted investment.
