UK Shared Prosperity Fund
The UK Shared Prosperity Fund (UKSPF) is part UK government’s ambitious Levelling Up agenda and a significant component of its support for places across the UK. It provides £2.6 billion of new funding for local investment by March 2025, with all areas of the UK receiving an allocation from the Fund via a funding formula rather than a competition. It will help places right across the country deliver enhanced outcomes and recognises that even the most affluent parts of the UK contain pockets of deprivation and need support.
North Warwickshire Borough Council (NWBC) have an allocation of UKSPF and welcome applications from organisations operating in the NWBC area, benefiting NWBC communities, residents and businesses.
Please refer to the guidance notes for the eligibility criteria
Value for Money:
The following guidelines should be used when procuring goods / services:
Value of Contract - Minimum Award Procedure
- £0 to £2,499
Three written quotes or prices sought from relevant suppliers of goods, works and / or services
- £2,500 to £24,999
Formal tender process
- Over 25,000
If you have any queries please email NWUKSPF@northwarks.gov.uk
What is the UK Shared Prosperity Fund and how will it affect North Warwickshire?
The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK government’s Levelling Up agenda. The fund will invest in domestic priorities and target funding where it is needed most: building pride in place, supporting high quality skills training, supporting pay, employment and productivity growth and increasing life chances.
The UKSPF replaces the support that local authorities previously accessed through the European Structural and Investment Funds prior to the UK’s exit from the European Union.
How much has North Warwickshire been allocated from the UK Shared Prosperity Fund?
North Warwickshire Borough Council has been successful in applying for £1.965million from the UK Shared Prosperity Fund
How will the money be spent?
The £1.965million allocated will be used to support a range of projects including a grants scheme to allow voluntary organisations and community groups to improve their neighbourhoods and community facilities; a programme of investment in green spaces and play facilities; a comprehensive programme of business support to assist businesses to be more productive, reduce their carbon footprint and create new jobs; and a programme of support to assist people not in employment to help the move closer to employment, education and training.
Where can I keep updated on the projects?
Here - this page will provide regular updates on the projects from start to finish. We will also use our social media channels to update with pictures and videos of work in progress and we will issue press releases at the start and completion of projects.
Where can I find our more information about the UK Shared Prosperity Fund?
The full UKSPF prospectus can be found on the government’s website:
GOV.UK - UKSPF Prospectus (external website)
Last updated Wednesday, 23rd August 2023