The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK Government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK, investing in communities and place, supporting local business, and people and skills. The UK Shared Prosperity Fund Prospectus provides a comprehensive overview of the fund.
The primary goal of the UKSPF is to build pride in place and increase life chances across the UK. Underneath this overarching aim, there are three UKSPF investment priorities:
The funds secured from the UKSPF will focus on the first two investment priorities.
The communities and place investment priority will enable places to invest to restore their community spaces and create the foundations for economic development at the neighbourhood-level. Read more about how the UKSPF will support communities in Flintshire & Wrexham by clicking into the relevant the Community Key Fund links below.
The supporting local business investment priority will enable places to fund interventions that support local businesses to thrive, innovate and grow. Funding is available in Denbighshire and Flintshire for micro and small enterprises to unlock their growth potential. The UKSPF will support businesses directly through the Prosperous Denbighshire & Flintshire Tourism Growth Fund – click into the relevant links below to find out more detail.
In addition, there is funding available for feasibility studies in Flintshire to deliver projects targeting the development of tourism and the visitor economy. And in Denbighshire there is funding available to promote and support networking and collaboration of businesses groups.
If you’d like to discuss which scheme is the most suitable for your project, please contact one of the team on 01490 340500.