The UKSPF, which was designed to replace the loss of EU structural funds after Brexit, will aim to provide additional funds to DEFRA specifically for rural communities, and will also encourage local partnership groups to have rural representation.
These groups will include people and businesses with local expertise and will advise on where and how funding should be invested, but the devolved nations have warned the funding is not enough to make up the loss of EU cash.
NFU president Minette Batters said: "It is fantastic to see this focus on rural communities which will help to level up rural Britain… The ambition shown by the UKSPF is promising. We now need to see more detail on the suggestion of funding being made available to Defra and ensure this investment can support rural Britain to deliver its full potential."
Farmers Guardian - UK Shared Prosperity Fund to benefit rural areas
(Please be aware a Farmers Guardian subscription is required to read this article)
Sign up to our newsletter to receive all the latest news and updates.