UK Shared Prosperity Fund

The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK Government’s Levelling Up agenda, and a significant component of its support for places across the UK. It provides £2.6billion of new funding for local investment by March 2025. It replaces European Structural and Investment Funds (ESIF) such as the European Regional Development Fund (ERDF) and the European Social Fund (ESF).