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Stroud lands £1.4 million in government funding to support businesses and skills

27 April 2022
The Business Magazine article image for: Stroud lands £1.4 million in government funding to support businesses and skills

Stroud is to get just under £1.4 million in government funding through The UK Shared Prosperity Fund scheme.

The £2.6 billion scheme – part of the government's levelling up agenda – aims to reduce inequalities between communities.

Stroud MP Siobhan Baillie welcomed the news, saying: "I am thrilled that Stroud has been allocated just under £1.4 million.

"This new funding delivers on the Government’s commitment to match the previous EU structural funds but this funding will be more flexible and led locally.

"By empowering local communities, the Shared Prosperity Fund will enable local leaders to make the best decisions for their areas.

"I look forward to continuing conversations with community groups and elected local leaders to see how best this money can be invested for Stroud."

The UK Shared Prosperity Fund (UKSPF), which succeeds the old EU structural funds. The money must be used to support local businesses, people, and skills.

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

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