UK Shared Prosperity Fund

Logo: UK Government Levelling up.

What is the fund about?

The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills.

For more information, please see the UKSPF prospectus.

Background

Southend has received £1.3 million for core UKSPF funding. We have already engaged with a wide range of local partners to write our investment plan in which we set out the local aims for UKSPF funding. In the future, we are responsible for:

  • sending out the call for applications
  • assessing applications
  • paying grants to successful applicants
  • managing and monitoring successful projects

What type of projects are we looking for?

All projects must align with the UKSPF prospectus. Projects must also fall under at least one of our local priorities which are:

  • communities and place: impactful volunteering and/or social action projects
  • supporting local business: strengthening local entrepreneurial ecosystems

We are looking for project bids between £15,000 and £50,000.

In year 1, 90% of available funding through the UKSPF is revenue funding, while in year 2 this is 87%. Therefore, bids should apply for predominantly, or exclusively, revenue funding.

The government has decided that ‘people and skills’ projects will only be able to apply in 2024/2025. Anyone looking to fund people and skills projects should look to apply during the next open call (autumn 2023).

Workshop

To begin the call, we will be hosting a workshop for applicants at the Beecroft Gallery lecture theatre (SS2 6EX) at 9.30am on Thursday 24 November 2022. This workshop will provide a background on the fund, advice on applying, and information about the evaluation process.

Please sign up to attend the workshop.

We will upload a recording of the workshop after the session for those unable to attend.

What happens next?

We will update this webpage soon with application documents and a full timeline.

Please note

All of this information may be subject to change if we receive any further government guidance.

Please contact us at ukspf@southend.gov.uk with any enquiries, questions, or for further information.

UK Shared Prosperity Fund (UKSPF)

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