This fund is the replacement to the European Structural and Investment Fund (ESIF) which runs out in 2023. The Government has released pre-launch guidelines (https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus/delivery-geographies) and a prospectus, which prioritise specific geographical areas of the Mayoral Combined Authorities and the Greater London Authority, and lower tier or unitary authorities elsewhere.
The Government recognise the role of Local Government and its place in partnering with the Central Government in delivering the Levelling Up agenda. The difference being that money will be allocated to areas rather than having to compete for funds, offering the flexibility to use the money to boost productivity and enhance employment opportunities, tackle inequalities and deliver real change to local communities, places and businesses.
be completed before accessing the investment plan platform
Investment plan submissions window: 30 June 2022 to 1 August 2022
First payments expected to lead local authorities: from October 2022
Funding period: April 2022 to March 2025
The Government’s aim is to spread opportunities and improve public services where they are weak. Restore a real sense of community and local pride and belonging where they have been lost. This should empower local leaders and communities to build pride in place and have greater life chances across the UK. Engaging in local culture and community through supporting individuals and businesses.
They will provide 3 investment priorities
Communities & Place
Supporting local business
People Skills.
To Follow: The Whatif Group will explore these priorities in more detail but if you would like to know more or to speak with one of our founders please contact Kevin Parkes [email protected] or Paul Wright [email protected]
