UK Shared Prosperity Fund

Consultations on Use of UKSPF in CWaC

Cheshire West and Chester Council has been awarded a maximum of £12.6 million from the Governments Shared Prosperity Fund. The funding is over the next three years, with £1.5 million to be used for 'Multiply' the Government's adult numeracy programme.

The UK Shared Prosperity Fund (UKSPF) is part of the government's Levelling Up agenda, providing support for places across the UK. The national £2.6 billion funding is for local investments by March 2025.

The funding is aimed at investing in local priorities and targeting funding where it is needed most to increase pride in places, support high quality skills training, support pay, employment and productivity growth and increasing life chances. It replaces the funding that was previously available from the European Union.

The Council must now produce an investment plan by the 1 August 2022 for the UKSPF, showing the intended uses.

To ensure the funding is used to maximum benefit consultations are starting with local businesses, organisations, and local MPs to develop the investment plans. The recently formed West Cheshire Anchor Network will be tasked with helping develop the investment plan.

The funding is aimed at three areas:

• Community and Place,
• Supporting local business
• People and skills.

A webinar to explain the Fund and consult with local businesses and groups will be run on 26 May and available to view online after the broadcast.
To attend the live webinar being held on Teams, registerHERE
For more details about the Fund, clickHERE

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