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.