What is the UK Shared Prosperity Fund (UKSPF)?
The UKSPF is a key part of the UK government’s efforts to support local communities and advance its Levelling Up agenda. It is providing £2.6 billion in funding for local investment until April 2025. UKSPF aims to build pride in place, support skills training, improve pay and productivity, and increase life chances. It is designed to enable local decision-making and prioritise the needs of individual communities.
Multiply is an additional program that aims to improve the functional numeracy skills of adults in the UK, providing £559 million in funding for local areas to deliver bespoke adult numeracy programs over the next three years.
In September 2022, the UK government also announced a top-up to UKSPF specifically for rural areas, the Rural England Prosperity Fund (REPF). It provides capital grants to community groups and businesses in rural areas between April 2023 and April 2025.
North Somerset’s allocation
North Somerset has been allocated £2,516,852 as part of UKSPF which is being spent between April 2022 and April 2025.
The council has also received £442,000 worth of funding for REPF.
Click on the links below to learn more about each Year’s projects and see the eligibility criteria for funding opportunities.
North Somerset Council is required to collect and hold information about their projects funded by the UKSPF. This includes the personal data of those benefiting from the projects, such as National Insurance Numbers and postcodes. This is to help assess project performance and impact on the local area.
How will the Fund be used?
There are three Investment Priorities under UKSPF, within which sit a series of interventions. These interventions help us identify what types of projects to fund through UKSPF.
North Somerset Council consulted with local stakeholders to decide on the best interventions for the local area, and came up with the following: