The journey to its April 2022 launch has been a long, complex and at times, conflicting process. UK Shared Prosperity Fund In April 2022, the Government launched the UK Shared Prosperity Fund (UKSPF) to support its Levelling Up agenda. Decision type: Key Reason Key: Expenditure >500,000 & Affects from than one division; Decision status: Recommendations Approved Notice of proposed decision first published: 14/10/2022 This decision will be taken under urgency procedures. UK Shared Prosperity Fund Whats next? And not least between the UK and devolved nation governments. Portion of allocation which is capital - 535,077. Some of us will remember how the earliest consultations in 2017 acquired the informal tag of 'project sunblock'. It is intended to help places across the The UK Shared Prosperity Fund is a central pillar of the UK governments Levelling Up agenda and provides 2.6 billion of funding for local investment by March 2025. I want to update Members The UKSPF is a central pillar of the UK government's Levelling Up agenda and provides 2.6 billion of funding for local investment across the UK by March 2025. The UK Shared Prosperity Fund (UKSPF) is part of the UK Governments Levelling Up agenda and replaces legacy structural EU funding from the European Social Fund (ESF) and the European Regional Development Fund (ERDF). The UKSPF will enable local decision making and better target the priorities of places within the UK, with investment priorities focused on community and place, supporting local businesses and people All areas of the UK will receive an allocation from the Fund. The UKSPF (UKSPF) is a new three-year domestic fund running from 2022/23 that will replace European Structural The UK Shared Prosperity Fund (UKSPF or the Fund) is part of the Governments Levelling Up agenda. The UK Shared Prosperity Fund is a central pillar of the UK governments Levelling Up agenda and provides 2.6 billion of funding for local investment by March 2025. It focuses on UK priorities by giving more direct accountability to elected local leaders. As part of the UK Governments Levelling Up agenda, Cornwall and Isles of Scilly have been allocated 132million to spend on local investment through the Shared Prosperity Fund. The The UK Shared Prosperity Fund is not a direct replacement for EU structural funds. Further engagement will take place as further details of the fund are announced. The UK Government's Shared Prosperity Fund shows a "lack of respect" towards Wales and devolution, the Institute of Welsh Affairs has said. The UK Shared Prosperity Fund (UKSPF) is a government-allocated fund which is intended to reduce inequalities between communities, as part of the governments Levelling Up agenda, and This guidance should be used by lead local authorities in England, Scotland and Wales preparing an investment plan for submission to the Department for Levelling Up, Housing In April 2022 the Department for Levelling Up, Housing and Communities (DLUHC) published the UK Shared Prosperity Fund (UKSPF) prospectus on GOV.UK. The UKSPF was launched on 13 April 2022. The UK Shared Prosperity Fund (UKSPF) is a 2.6bn fund (predominantly revenue based) launched in April 2022 as the successor to EU Structural Funds (ESIF); 559m of the fund has On 3 September 2022, DEFRA announced a new Rural England Prosperity Fund, replacing EU LEADER and Growth programme funding. Friend the Secretary of State has been in regular discussions with Welsh Ministers about the UK shared prosperity fund before and after the announcement of the spending review. This prospectus builds on, and is complementary to, the UK Shared Prosperity Fund ( UKSPF) prospectus. UK Shared Prosperity Fund. The UK Shared Prosperity Fund (UKSPF) is part of the Governments Levelling Up agenda. The UK Shared Prosperity Fund is not a direct replacement for EU structural funds. Round 1 Funding. It focuses on UK priorities by giving more direct accountability to elected local leaders. This is a minimum proportion of spending. Work is now underway within Northern Ireland to develop a Northern Ireland investment plan. What is the UKSPF? Portion of allocation which is capital - 535,077. The UK Shared Prosperity Fund (UKSPF) is ESIF's post-Brexit successor. UK Shared Prosperity Fund Investment Plan Project Aberdeenshire has been allocated over 8m of funding over three years from the programme. The UK Shared Prosperity Fund (UKSPF) is the governments domestic replacement for the European Structural and Investment Programme (ESIF) which the UK continues to participate in Were facing a cliff edge where support could suddenly end. 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. The ESIF programme was essential for local regeneration, employment and skills. The UK Shared Prosperity Fund (UKSPF) is a government-allocated fund which is intended to reduce inequalities between communities, as part of the governments Levelling Up agenda, and replaces European Structural and Investment Funds. Hansard record of the item : 'Shared Prosperity Fund' on Wednesday 16 December 2020. The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK Governments ambitious Levelling Up agenda and a significant component of its support for places across the UK. Within the context of the Funds aims, each place will have flexibility to invest across a range of 1.1 The UK Shared Prosperity Fund (UKSPF) Additional Information sets out requirements and guidance to councils and mayoral authorities, collectively these will be referred Total allocation. On 13 April 2022, the government published more detail about how the UK Shared Prosperity Fund (UKSPF) will work, this replaces funding which The fund replaces the current EU structural funds, which will have finished by the end of 2023. Hull has been allocated 1,046,984 for projects up to 31 March 2023, with a further 7,681,788 to be spent between April 2023 and March 2025. Portion of allocation which is revenue - 2,596,335. Rachel Le Noan 9 June 2022 Posted in Policy Policy Policy blog The UK Shared Prosperity Fund (UKSPF) launched in April is a key pillar of the Levelling Up agenda. However, the pre-launch guidance revealed that support for employment and skills initiatives is not likely to be available until 2024-2025. The Fund aims to improve pride in 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. Portion of allocation which is revenue - 2,596,335. 13 April 2022 Earlier today, the UK Governments plans for the Shared Prosperity Fund (SPF), which replaces EU structural funding, were announced. The UK Shared Prosperity Fund (UKSPF) is the governments domestic replacement for the European Structural and Investment Programme (ESIF) which the UK continues to participate in until 2023. Reason for urgency: To progress delivery of the fund in the current financial year and to begin commissioning of the programmes UK Government launched the UK Shared Prosperity Fund Prospectus on the 13 April, just before the pre-election period kicked in on the 14 April. It provides guidance for eligible local authorities to get funding under The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK Governments ambitious levelling up agenda and a significant component of its support for place across the UK. UK Shared Prosperity Fund (UKSPF) Somerset has been notionally allocated a total of 7,263,760 of UK Shared Prosperity Funding (UKSPF) over the 3 year period 2022 to 2025. The UK Shared Prosperity Fund (UKSPF) is part of the Governments Levelling Up agenda. On 13 April 2022, the Government announced the prospectus and initial funding allocations for the UK Shared Prosperity Fund (UKSPF), which will replace the previous European funding With a The UK Shared Prosperity Fund is not a direct replacement for EU structural funds. The UKSPF process has allowed for flexibility within this and therefore projects can express how much of their project is capital or revenue. It provides 2.6 billion of new funding for local investment by March 2025. The pre-launch guidance, published in February, gave the basic outline of what the UKSPF will fund, how it will be managed and who will make the decisions. Total allocation. Plymouth - 3,131,412. It focuses on UK priorities by giving more direct accountability to elected local leaders. The UK Shared Prosperity Fund 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 The UK Shared Prosperity Fund (UKSPF) is the governments domestic replacement for the European Structural and Investment Programme (ESIF) which the UK continues to We are now seeking applications for projects that will deliver during year one of the UK Shared Prosperity Fund which runs up to the 31 March 2023. The Fund aims to improve This is a minimum proportion of spending. The UKSPF is 2.6bn of new funding for local investment across the UK by March 2025. As part of the UK Governments Levelling Up agenda, Cornwall and Isles of Scilly have been allocated 132million for local investment through the Shared Prosperity Fund.This new approach to investment will truly empower local leaders and communities, so they can make a real difference on the ground where its needed the most. The UK Shared Prosperity Fund is a national funding programme created by the government that we administer for North Yorkshire. The UK Shared Prosperity Fund is a Government-allocated fund which is intended to reduce inequalities between communities, as part of the Governments wider levelling up Plymouth - 3,131,412. It provides 2.6 billion of new funding for local investment by March 2025. The UK Shared Prosperity Fund (UKSPF), meant to succeed European funding, will open for applications later this year. the aims of the UK Shared Prosperity Fund its contribution to our shared objectives the delivery roles of the UK government and local partners across the UK Read additional Created: 30/06/2022. Areas of the Fund however, the pre-launch guidance revealed that support employment Prosperity Fund Whats next edge where support could suddenly end > Total allocation of 2023 Round 1 funding programme. 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