The UK Shared Prosperity Fund (UKSPF) provides £2.6 billion of funding for local investment up to March 2025. The fund is focused on building pride in place, supporting high quality skills training, supporting pay, employment and productivity growth and increasing life chances in local places.
Fylde Council has been allocated £2,643,292 over a three year funding period (2022-2025).The three core priorities for the fund have been set out by the Government as:
- Community and Place– building pride in the community, restoring a sense of community and belonging and regenerating Town centres.
- Supporting Local Business– increasing pay, productivity, and employment chances.
- People and Skills– supporting high quality skills and training.
There are a series of 41 possible interventions which sit across the three themes, and these cover a broad range of possible activities. Each of these interventions will contribute to fulfilling one of the 3 priorities. The Council and the UKSPF Local Partnership Group have selected the interventions they consider most relevant to supporting and delivering their local priorities.
The main interventions that the Council have selected, having worked in collaboration with our Partnership Board, include:
- Funding improvements to Town Centres and High Streets
- Supporting young people who are Not in Education, Employment or Training (NEET) / at risk
- Business support measures to drive employment growth
- Investment in capacity building and infrastructure support for local civic society and community groups.
The initial Investment Plan, Expenditure Profile and Indicative Deliverables can be found below:
A full description of Fylde’s UKSPF projects, with current case studies can be found below:
The UK Shared Prosperity 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. For more information, visit https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus
