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:
The UKSPF’s interventions are planned and delivered by lead authorities that can be either a local authority or a mayoral combined authority.
Government provided North of Tyne Combined Authority (NTCA) a non–competitive allocation for delivery across Newcastle, North Tyneside & Northumberland.
Building on our existing priorities, we developed a Local Investment Plan which was submitted to Government before their August 1st deadline. A summary of our Local Investment Plan can be downloaded here.
The plan takes account of the three themes of the fund as set out by Government:
Guidance from Government on core funding was that the first two years of our plan should focus on Communities and Place, and Local Businesses. In the third year, the fund can be used for People and Skills. The Multiply programme will be delivered across all years.
Government has indicated that plans will be approved in October. We will update this page when we have further news.
Stakeholder engagement and consultation
We would like to thank everyone who participated in our stakeholder engagement and consulation programme. Your contributions were invaluable in developing our UKSPF Plan for the North of Tyne area.
We worked in partnership with Newcastle, North Tyneside and Northumberland Councils. We have consulted with local MPs, who played an important role in helping identify priorities for their constituents.
We held an online briefing event on Thursday, 28 April 2022 which was the first opportunity for Stakeholders to hear more about delivering the UK Shared Prosperity Fund for the North of Tyne, the fund and the fund’s three core themes. The presentation from the briefing event can be found here.
On 16 May 2022 NTCA hosted a stakeholder consultation event at Alnwick Gardens. 107 people attended the event, representing the public, private and voluntary sectors and with a mix of support providers and strategic leads. Following brief presentation by Rob Hamilton, NTCA Chief Economist, attendees took part in round table discussions on one three national UKPSF themes, which they had preselected when they confirmed their attendance. The evidence presented at the event can be found here.
Attendees were asked to answer the following questions:
Attendees then undertook a prioritisation exercise where they each selected their top three Investment Priorities for their chosen theme, prioritising interventions and outcomes. Then give their reflections on the other investment themes.
A summary of the table discussions that took place at this event can be found here.
Please contact us at: email@example.com if you require any further information.