Rural England Prosperity Fund

Landscape shot of Guisborough Woods, Redcar & Cleveland Mobile Landscape shot of Guisborough Woods, Redcar & Cleveland


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.

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 supports activities that specifically address the particular challenges faced by rural areas*, detailed below.

Rural areas* often face specific challenges including:

Aims of the Fund

The Rural Fund objectives sit within the UKSPF investment priorities for:

They also relate to two of the Levelling Up White Paper Missions:

The Rural Fund supports the aims of the government’s Levelling Up White Paper and Future Farming Programme and funds capital projects for micro (less than 10 employees) and small businesses (less than 50 employees) which will help to improve productivity and strengthen the rural economy in Redcar and Cleveland.

The Rural Fund allocation for Tees Valley is £624,909 and this will provide capital grant funding of between £3k-£15k to eligible businesses and communities.

The Rural Fund provides support for rural areas* in Redcar and Cleveland to provide small scale capital funding to:

Rural Businesses
Rural Communities
Eligibility and administrative boundaries

Eligibility and administrative boundaries for the Rural Fund are set by the government department for environment, food and rural affairs (Defra) and not by Tees Valley Combined Authority.

*Rural areas are defined as:

The postcode of the project activity must be in a rural eligible area. Eligibility is not based on the postcode of the business making the application, unless this is also where the project activity is taking place.

Eligible areas for the Rural Fund can be identified using Defra’s ‘Magic Maps’ tool.

Applicants MUST complete a postcode check to confirm project eligibility prior to completion of the application form.

Eligible businesses/individuals/communities
How and when can you apply:

Funding rounds will take place as follows:

Application window opensApplication window closes
Round 127-10-202315-11-2023 at midnight
Round 2*To be confirmedTo be confirmed
Round 3*To be confirmedTo be confirmed

*Please Note: Subject to the volume and value of eligible applications received and approved, funding may have been fully committed in Funding Round 1 and/or Funding Round 2. Therefore, Funding Rounds 2 and 3 will only be launched if the fund has not been fully committed in Funding Rounds 1 and 2

There has been a high level of demand for funding in round 1 and the grant panel, with oversight from the Tees Valley Business Board, are working hard to complete the assessment and scoring of applications.

As stated above, any future funding opportunities would only be available if the fund had not been fully committed in earlier funding rounds; subject to the volume and value of eligible applications received and approved, funding may have been fully committed in the first round. Once the assessment and scoring process has been completed, we will provide an update on any plans to launch future funding rounds.

Supplementary links and additional documents

Magic Maps Rural Area Definitions

Rural England Prosperity Fund Prospectus

Rural England Prosperity Fund: interventions, objectives, outputs and outcomes

Minimal Financial Assistance Declaration Form

If you have any questions, please get in touch: Email: [email protected] 


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