Economic Growth: Rural Areas
The question
To ask the Secretary of State for Business and Trade, what fiscal steps his Department is taking to help support economic growth in (a) Craven Arms and (b) other rural areas.
Answered by Justin Madders
Craven Arms lies within Shropshire County Council area which has been allocated a total of £10.8m of core UK Shared Prosperity Funding, as well as a total allocation of £2.6m in Rural Prosperity Funding. Under the UKSPF delegated delivery model, Shropshire Council can choose to invest in supporting economic growth within specific towns like Craven Arms.
In addition, the Council has received Department of Business & Trade funding of £1.2m since FY21/22 for the Shropshire Growth Hub. Growth Hubs provide local business support and advice, to help drive regional economic growth. Growth Hub support is available across England and businesses of all sizes and sectors can contact their local Growth Hubs, including in rural areas.
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