Overview

The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK Government’s Levelling Up agenda and will provide £2.6 billion of funding for local investment by March 2025.

The overarching objective of the Fund is building pride in place and increasing life chances.

The UKSPF aims to achieve this through three investment priorities:

  • Community & Place;
  • Supporting Local Business; and
  • People & Skills (including the 'Multiply' initiative to improve adult numeracy)

The UK Shared Prosperity Fund Prospectus provides a comprehensive overview of the fund.

We secured over £1m of Shared Prosperity Funding to deliver on the following eight workstreams complimenting Growth Deal delivery:

Skills and Employability Portal

Development of an online Skills and Employment Portal for North Wales. The portal will acknowledge flagship businesses, provide information about large scale job generating projects, raise awareness of future jobs and opportunities and inspire young people to consider a career within a priority sector.

Access to Smart Local Energy

A project to supply grants to SMEs, social enterprises and community organisations so they can procure bid writing consultation. The ultimate aim is for the awarded SME’s and social enterprises to subsequently access funding through the Growth Deal Smart Local Energy Fund.

 

Carbon Emissions and Biodiversity

Sharing best practice and delivering training sessions on how climate change considerations should inform business case development.

Commitments and Best Practice

 Develop an online monitoring platform for social value commitments and share best practice.

Rural Digital Connectivity Support

Providing support for communities to improve their broadband connectivity.

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Small and Medium-sized Enterprises (SME) Connectivity Assessments

Providing SMEs with business specific advice and guidance on how they can adopt the latest wireless network technologies to improve productivity and innovation. 

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Access Agreements

Providing information and support for councils to investigate the feasibility of adopting access agreements to enable use of lighting columns for 4G small cell deployment. The project goal is to supply the councils with the relevant information.

Mobile Coverage Survey

A project to purchase survey equipment to enable the region to assess 4G signal quality independently of network operators’ own assessments. The capability will identify areas of need and help in lobbying operators on location specific issues.

These projects are funded by the UK government through the UK Shared Prosperity Fund.