The UK Shared Prosperity Fund (UKSPF) is a government fund intended to reduce inequalities between communities, as part of the Government’s “levelling up” agenda.
What are the goals of the UKSPF?
The primary goal of UKSPF is building pride in place and increasing life chances across the UK, while recognising the acute challenges town centres and communities have faced during the Covid pandemic. Specific aims include:
- Boost productivity, pay, jobs and living standards, especially in those places where they are lagging
- Spread opportunities and improve public services, especially in those places where they are weakest
- Restore a sense of community, local pride and belonging, especially in those places where they have been lost
- Empower local leaders and communities, especially in those places lacking local agency.
How will we achieve this?
We will achieve this by focusing on 3 investment priorities:
Communities and place
- Funding for improvements to town centres and high streets, including better accessibility for disabled people, including capital spend and running costs. (capital and revenue)
- Creation of and improvements to local green spaces, community gardens, watercourses and embankments, along with incorporating natural features into wider public spaces
- Funding for impactful volunteering and/or social action projects to develop social and human capital in local places.
- Investment in research and development at the local level
- Enterprise infrastructure and employment/innovation sites
- Strengthening local entrepreneurial ecosystems/training hubs, business support offers, incubators
- Growing the social economy
- Business support measures to drive employment growth.
People and skills
- Employment support for economically inactive people
- Courses including basic, life and career skills
- Tailored support for the employed to access courses
UKSPF investments in Greater Manchester will also contribute to net zero and nature recovery objectives, reducing inequalities, and embedding social values.
When will we do this?
The UKSPF investment will take place over the next 3 years: 2022 to 2023, 2023 to 2024 and 2024 to 2025.
Updates on how the UK Shared Prosperity Fund is being used in Wigan Borough will be shared on this webpage.