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What is the UK Shared Prosperity Fund?

 

UK Shared Prosperity Fund

The UK Shared Prosperity Fund (UKSPF) provides funding to support local communities, businesses and skills development across the UK.

The fund aims to:

  • Improve local areas and community pride
  • Support businesses to grow and create jobs
  • Increase opportunities through skills and training
  • Improve living standards and life chances
  • Help communities shape their local future

UKSPF funding supports projects that make a positive difference to people, places and the local economy.

 

For more information visit UK Shared Prosperity Fund: prospectus at GOV.UK

How much funding has Redditch secured?

Redditch has been allocated £2,502,050 for local investment through the Shared Prosperity Fund.

What are we going to do with the funding in Redditch?

 

The UK Shared Prosperity Fund (UKSPF) is helping to make Redditch a safer, greener and more vibrant place to live, work and visit.

The fund supports projects that:

  • Improve community spaces and local facilities
  • Help residents live active, healthy and independent lives
  • Support local businesses to start, grow and innovate
  • Improve access to jobs, training and skills
  • Create opportunities in growing and green industries

All projects will support the UK's net zero ambitions and help build a stronger, more sustainable local economy.

 

 

 

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