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.


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


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


Contact or



North of Tyne Combined Authority 


South Tyneside

Contact or





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