UK Shared Prosperity Fund

The UK Shared Prosperity Fund (UKSPF) and the Rural England Prosperity Fund (REPF) formed part of the previous Government’s wider commitment to level up all parts of the UK.  The overarching aim of the fund was to build pride in place and increase life chances. The new Government announced a ‘transition’ year of UKSPF funding from April 2025 to March 2026, with an intention of wider local growth funding reforms from 2026. The fund is still aimed at pushing power out to communities, with a specific focus to help kickstart economic growth and promote opportunities in all parts of the UK.