UK Shared Prosperity Fund

(asked on 21st January 2022) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, when his Department plans to publish details of the UK Shared Prosperity Fund application process.


Answered by
Neil O'Brien Portrait
Neil O'Brien
This question was answered on 26th January 2022

UK-wide funding for the UK Shared Prosperity Fund (UKSPF) will ramp up to at least match receipts from EU structural funds, which on average reached around £1.5 billion per year. Spending Review 2021 fulfils this commitment, with the announcement of over £2.6 billion for the UKSPF over the next three years, with funding reaching £1.5 billion in 2024-25.

The UKSPF will focus on restoring a sense of community, local pride and belonging across the country. The UKSPF will act as a primary lever in levelling up people and places in all parts of the UK to empower places to identify, and build on, their own strengths and needs at a local level.

The Government will publish further details on the fund in due course.

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