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

Intervention

Amount

Period

Barnoldswick Town Council

Eventful Barnoldswick

E6: Support for local arts, cultural, heritage and creative activities.

£47,289

2022/2023
2023/2024 2024/2025

 

Mid Pennine Arts

Pendle Radicals

E6: Support for local arts, cultural, heritage and creative activities.

£24,000

2022/2023 2023/2024

Pendle Council

Public Realm Improvements Barnoldswick

E1: Funding for improvements to town centres and high streets, including better accessibility for disabled people, including capital spend and running costs.

£47,290

2022/2023 2023/2024

Pendle Council

Public Realm Improvements Earby

E1: Funding for improvements to town centres and high streets, including better accessibility for disabled people, including capital spend and running costs.

£96,000

2023/24

Pendle Council

Arts and Cultural Development

E6: Support for local arts, cultural, heritage and creative activities.

£181,849

2022/2023
2023/2024 2024/2025

 

Colne Youth Action Group

Byron Road Community Hub

E9: Funding for impactful volunteering and/or social action projects to develop social and human capital in local places.

£189,764

2022/2023
2023/2024 2024/2025

 

Newground Together

Greener Together Pendle

E9: Funding for impactful volunteering and/or social action projects to develop social and human capital in local places.

and

E13: Community measures to reduce the cost of living, including through measures to improve energy efficiency, and combat fuel poverty and climate change.

£473,063

 

2022/2023
2023/2024 2024/2025

 

Advanced Manufacturing Research Centre – North West

Scan Digital Supply Chain Digital Demonstrator

E23: Strengthening local entrepreneurial ecosystems, and supporting businesses at all stages of their development to start, sustain, grow and innovate, including through local networks.

£172,077

 

2022/2023
2023/2024 2024/2025

 

East Lancashire Chamber of Commerce –

International Trade Support

E23: Strengthening local entrepreneurial ecosystems, and supporting businesses at all stages of their development to start, sustain, grow and innovate, including through local networks.

£55,200

2022/2023 2023/2024 2024/2025

 

East Lancashire Chamber of Commerce –

Business Decarbonisation and Net Zero

E29: Supporting decarbonisation and improving the natural environment whilst growing the local economy. Taking a whole systems approach to invest in infrastructure to deliver effective decarbonisation across energy, buildings and transport and beyond, in line with our legally binding climate target. Maximising existing or emerging local strengths in low carbon technologies, goods and services to take advantage of the growing global opportunity.

£215,213

2022/2023
2023/2024 2024/2025

 

East Lancashire Chamber of Commerce –

New Low Carbon technology Product Development

E29: Supporting decarbonisation and improving the natural environment whilst growing the local economy. Taking a whole systems approach to invest in infrastructure to deliver effective decarbonisation across energy, buildings and transport and beyond, in line with our legally binding climate target. Maximising existing or emerging local strengths in low carbon technologies, goods and services to take advantage of the growing global opportunity.

£150,664

2022/2023
2023/2024 2024/2025

 

Lancashire County Council

Boost Business Lancashire

E23: Strengthening local entrepreneurial ecosystems, and supporting businesses at all stages of their development to start, sustain, grow and innovate, including through local networks.

£305,000

2022/2023
2023/2024 2024/2025

 

Active Lancashire

Step Change

E33: Employment support for economically inactive people: Intensive and wrap-around one-to one support to move people closer towards mainstream provision and employment, supplemented by additional and/or specialist life and basic skills (digital, English, maths* and ESOL) support where there are local provision gaps.

£52,413

2023/2024

RTC North Manufacturing Support programme E23: Strengthening local entrepreneurial ecosystems, and supporting businesses at all stages of their development to start, sustain, grow and innovate, including through local networks. £67,999 2023/2024 2024/2025