Hinckley & Bosworth Rural England Prosperity Fund

The Rural England Prosperity Fund (REPF) is now open for applications. The REPF has been set up to:

• Fund capital-only projects for small businesses and organisations that improve the rural economy
• Help support rural communities

Is your organisation eligible for funding?

If you are a small business or an organisation within a rural area in the borough of Hinckley and Bosworth, you may be eligible to apply for funding for capital only projects. Find out if you are eligible:

• Guidance notes - Rural Prosperity Fund 2023-25
• DEFRA MAGIC map

Funding available

Hinckley & Bosworth Borough Council has been awarded £400,000 capital-only funding for the period 2023-2025. £100,000 for year one (2023/24) and £300,000 for year two (2024/25), and supports the following four key themes:

• Support rural tourism sector businesses
• Support wider rural small and micro enterprises
• Support and enhance our heritage
• Improve community facilities

Applications are especially encouraged from those who would like to install low and zero carbon-generating technologies, or measures to improve energy efficiency

Year two projects:

• Year two funding allocation is £300,000
• You will need to spend and defray your grant allocation by 28 February 2025
• Spend cannot start before 1 April 2024
• Closing date for year two applications is midday on Tuesday 2 April 2024.

We cannot fund any projects retrospectively - applications cannot be accepted retrospectively where works have already started. The minimum amount you can apply for is £7,500 and the maximum amount is £22,500. Funding is allocated on a first come first served basis.