An Update on the Rural England Prosperity Fund (REPF)

The Department for Environment, Food and Rural Affairs (DEFRA) has recently announced an important update regarding the Rural England Prosperity Fund (REPF). This fund, a critical component of the government's strategy to enhance economic growth in rural areas, will continue into the next fiscal year with substantial financial support.

Earlier last month, it was announced that the REPF will receive up to £33 million in funding for another year. This funding is aimed at eligible local authorities throughout England, enabling them to invest in initiatives that foster local growth and address specific rural challenges.

DEFRA has published the funding allocations for local authorities eligible for the 2025-26 cycle, along with updates to the REPF prospectus. These materials outline how the funds should be utilised to maximise impact in rural communities. Additionally, DEFRA plans to release a revised table of expected outputs and outcomes from the fund shortly, which will provide further guidance on measuring the success of funded projects.

To ensure that all stakeholders are well-informed about the updates and changes to the REPF, DEFRA will soon host a webinar for all eligible local authorities. This session will offer detailed insights into the adjustments planned for the 2025-26 period. Details and instructions for joining the webinar will be announced shortly.

The REPF is designed to augment the UK Shared Prosperity Fund (UKSPF) by focusing specifically on the unique needs of rural areas. It supports a range of initiatives, including:

• Development of new products and facilities by rural and farm businesses, aiming to diversify income streams and bolster the local economy.
• Enhancement of community infrastructure, which is vital for providing essential services and supporting local economies.

The continuation of the REPF aligns with the government’s broader Missions agenda, particularly its goals for sustainable economic growth. By funding capital projects for small businesses and community infrastructure, the REPF not only boosts productivity but also strengthens the overall fabric of rural communities.

This additional funding comes ahead of broader local funding reforms set to be introduced following the Autumn Statement, ensuring stability and continued support for rural areas.