Funding announced to support growth and investment in Gloucester
The city is set to receive around £500,000.
Last updated 20th Mar 2025
A city masterplan looking at how areas like lower Eastgate Street can benefit from Gloucester’s multi-million-pound regeneration, is just one of the projects set to receive a share of around £500,000.
Gloucester City Council has announced that 14 schemes will receive a share of £486,000, the city’s second allocation from the government’s UK Shared Prosperity Fund (UKSPF).
In total Gloucester has received £1.48m from the UKSPF after the council submitted an investment plan identifying the challenges and opportunities facing the city.
The funding has been allocated to projects which support growth and investment.
They include a new master plan set to unlock areas of potential for prospective investors and developers, in a move to plan long-term for Gloucester’s growth.
It will consider the challenges facing the city in areas such as lower Eastgate Street, and how the council and its partners can spread the benefits from the huge regeneration taking place in schemes such as Kings Quarter.
The 13 other projects that will receive funding include an Employment Skills Programme to help people into employment and training and a project with universities to attract more students and encourage them to stay after graduating.
Councillor Jeremy Hilton, leader of Gloucester City Council, said: “Helping our city to grow and boosting our local economy is one of our key priorities. This funding not only allows us to identify how we can draw in more investment but also helps more people to make the most of those opportunities.”