The UK Shared Prosperity Fund (UKSPF) was launched by government on 13 April 2022. Nationally, it provides £2.6bn of government funding between 2022-25 that is central to the Levelling Up agenda. The UKSPF is designed for local places to invest in three key themes:

  • Community and Place
  • Supporting Local Businesses
  • People and Skills

The UKSPF’s interventions will be planned and delivered by lead authorities that can be either a local authority or a mayoral combined authority.

Each lead authority will submit a proposed Local Investment Plan to government between 30 June and 1 August 2022.

Engagement 

Government has asked lead authorities to develop Local Investment Plans and work with each other at a regional level to explore areas where we have common challenges and opportunities and where it makes sense to think regionally to create a bigger impact.

On 19 May 2022 a regional engagement event was hosted by the North of Tyne Combined Authority, the North East Local Enterprise Partnership and the seven local authorities – Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and Sunderland. The engagement event aimed to help inform approaches to the government’s UKSPF in our region.

We have published a number of documents from the event, including:

Evidence base for the UK Shared Prosperity Fund

An evidence base has been developed that provides key data and intelligence about Levelling Up, along with the UKSPF’s 3 key investment themes.  You can view this evidence base on the North East Evidence Hub here.

If you have any comments or feedback on this, please contact Emma.Ward@nelep.co.uk

 

Details of local engagement events and contacts for UKSPF will be published here

Durham

Contact Claire.Williams@durham.gov.uk or Glenn.Martin@durham.gov.uk

Gateshead 

Contact Victoriabryson@gateshead.gov.uk

North of Tyne Combined Authority 

Contact ukspf@northoftyne-ca.gov.uk

South Tyneside

Contact Rory.sherwood-parkin@southtyneside.gov.uk or John.scott@southtyneside.gov.uk

Sunderland

Contact ukspf@sunderland.gov.uk

 

 

Further information:
Government guidance on Shared Prosperity Fund
NTCA corporate plan