Millions of pounds in funding that has been crucial for various projects in Carmarthenshire is set to continue for another year, albeit at a reduced level. The Shared Prosperity Fund (SPF), initiated by the UK Government three years ago to replace European Union funding, is being extended by 12 months, providing a lifeline for many communities. One of the key beneficiaries of this funding extension is Carmarthenshire, which is set to receive £12.9 million for the year 2025-26. This funding plays a vital role in supporting local initiatives and organisations, helping them thrive and make a positive impact in the region.
The importance of the SPF funding is highlighted by the stories of Dolen Teifi Community Transport and Really Pro Ltd, both of which have significantly benefitted from the grants. Dolen Teifi used the grant to purchase a fully accessible 17-seater minibus, catering to the transportation needs of the community, especially the elderly population and those requiring non-emergency hospital transport in rural areas. The impact of such initiatives is evident in the words of Rod Bowen, the community support development officer, who emphasised the value and long-term legacy created by the SPF grant for the community.
Similarly, Really Pro Ltd utilised the SPF funding to run short hospitality courses through the Hospitality Academic project, benefiting nearly 200 individuals and numerous businesses in Carmarthenshire. The director, Kelly Monroe, highlighted the importance of such funding in making these projects a reality and praised the SPF scheme for its emphasis on measurable outcomes. The success stories of these projects underscore the significance of sustained funding support for local communities to thrive and grow.
The positive impact of the SPF funding extends beyond these projects to various other initiatives in Carmarthenshire, such as a nappy recycling processing plant, physical activity programs in deprived areas, environmental projects, and youth-focused initiatives. The diversity of projects supported by the SPF reflects its broader role in promoting economic development, job creation, and community engagement in the region. Despite the challenges posed by Brexit and the subsequent reduction in funding levels, local authorities like Carmarthenshire Council are committed to maximising the potential of the £12.9 million allocated for the coming year.
Cllr Alun Lenny, Carmarthenshire’s cabinet member for resources, acknowledged the limitations imposed by Brexit but remained hopeful about the positive impact that the SPF funding could still make in the community. The Council’s role in assessing and approving funding applications, as well as monitoring the projects, ensures transparency and accountability in the distribution of funds. Additionally, Swansea Council’s continued oversight as the lead SPF local authority for south-west Wales ensures efficient management and allocation of resources across the region.
As communities in Carmarthenshire look towards a future shaped by evolving funding landscapes, the perseverance and ingenuity displayed by local initiatives underscore the resilience and determination of the region. The continuation of the SPF funding for another year provides a renewed opportunity for growth, innovation, and community development, laying the foundation for a more prosperous and inclusive future for all residents. With a collective effort and strategic investment, Carmarthenshire stands poised to harness the potential of the SPF grants and create a lasting impact that transcends monetary value, enriching the social fabric of the region for generations to come.