UK Shared Prosperity Fund
The UK Shared Prosperity Fund (UKSPF) is part of the Government’s Levelling Up agenda. It provides £2.6 billion of new funding for local investment by March 2025. All areas of the UK will receive an allocation from the Fund via a funding formula. The fund replaces the current EU structural funds, which will have finished by the end of 2023.
The primary goal of the Shared Prosperity Fund is to help build pride in place and to help to increase life chances across the UK.
All lead local authorities were required to submit an Investment Plan for the fund by 1 August 2022, to secure a 3-year core funding allocation of £3.6m. This Investment Plan is available to download.
The initial projects selected by us with UKSPF funding are as follows:
|
Organisation |
Project |
Amount |
|
|---|---|---|---|
|
Barnoldswick Town Council |
Eventful Barnoldswick |
E6 |
£47,289 |
|
Mid Pennine Arts |
Pendle Radicals |
E6 |
£24,000 |
|
Pendle Council |
Public Realm Improvements Barnoldswick |
E1 |
£300,963 |
|
Pendle Council |
Public Realm Improvements Earby |
E1 |
£185,422 |
|
Pendle Council |
Public Realm Improvements Brierfield |
E1 |
£205,422 |
|
Pendle Council |
Arts and Cultural Development |
E6 |
£181,849 |
|
Colne Youth Action Group |
Byron Road Community Hub |
E9 |
£189,764 |
|
Newground Together |
Greener Together Pendle |
E9, E13, E33, E34, E35 |
£671,944
|
|
Advanced Manufacturing Research Centre – North West |
Scan Digital Supply Chain Digital Demonstrator |
E23 |
£172,077
|
|
East Lancashire Chamber of Commerce – |
International Trade Support |
E23 |
£55,200 |
|
East Lancashire Chamber of Commerce – |
Business Decarbonisation and Net Zero |
E29 |
£215,213 |
|
East Lancashire Chamber of Commerce – |
New Low Carbon technology Product Development |
E29 |
£150,664 |
|
Lancashire County Council |
Boost Business Lancashire |
E23 |
£305,000 |
|
Active Lancashire |
Move Forward (formlerly Step Change) |
E33, E34, E35 |
£525,495 |
|
RTC North |
Manufacturing Support programme |
E23 |
£67,999 |
|
UCLan |
Leadership and Management Skills Support |
E37 |
£54,528 |
*GOV.UK Interventions list for England gives full descriptive titles of the interventions listed by the letter E.