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.
Between May and June 2022, organisations were given the opportunity to submit proposals to us to help guide its Investment Plan and understand how it can work with partners to deliver in Pendle..These proposals were ultimately shortlisted down.
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. |
£49,260 |
2022/2023 2023/2024 2024/2025
|
|
Mid Pennine Arts |
Pendle Radicals |
E6: Support for local arts, cultural, heritage and creative activities. |
£25,000 |
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. |
£47,396 |
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. |
£100,000 |
2023/24 |
|
Pendle Council |
Arts & Cultural Development |
E6: Support for local arts, cultural, heritage and creative activities. |
189,426 |
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. |
£196,483 |
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. & E13: Community measures to reduce the cost of living, including through measures to improve energy efficiency, and combat fuel poverty and climate change. |
£491,691
|
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. |
£179,247
|
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. |
£57,500 |
2022/2023 2023/2024 2024/2025
|
|
East Lancashire Chamber of Commerce – |
Business Decarbonisation & 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. |
£224,180 |
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. |
£156,942 |
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. |
£240,000 |
2022/2023 2023/2024 2024/2025
|