About the UK Shared Prosperity Fund (UKSPF)

Introduction

The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK government's Levelling Up agenda and provides £2.6 billion of funding for local investment across the UK by March 2025. The Fund aims to improve pride in place and increase life chances across the UK, investing in communities and place, supporting local business, and people and skills.’

We were awarded £5.8 million in January 2023 from the UK Shared Prosperity Fund (UKSPF) which is part of the government's Levelling Up agenda.

The funding is designed to support existing Levelling-Up activity that would have been lost by the ending of EU funding.

Aligning with other Levelling-Up activities

Activities funded by the UKSPF align with other local Levelling-Up activity including:

How we will use the funding

We have developed an Investment Plan with partners and stakeholders across Buckinghamshire.

We will continue to work with these organisations to decide how we use the funding.

The UKSPF investment priorities

The UKSPF has three investment priorities.

Buckinghamshire's allocation of funding

The total funding allocation for the three investment priorities (over the 3-year period) is:

  • Community and Place, £1,984,310
  • Supporting Local Business, £1,984,310
  • People and Skills, £1,800,000

Which breaks down as:

2022 to 2023 funding allocation
Investment priority Capital Revenue
Community and Place £215,038 £85,000
Supporting Local Business £0 £300,038
People and Skills £20,000 £80,000
2023 to 2024 funding allocation
Investment priority Capital Revenue
Community and Place £422,575 £127,500
Supporting Local Business £0 £550,075
People and Skills £40,000 £260,000
2024 to 2025 funding allocation
Investment priority Capital Revenue
Community and Place £879,197 £255,000
Supporting Local Business £0 £1,134,197
People and Skills £260,000 £1,335,000

Current and future projects

View the projects on each of the investment priority pages:

Contact us about the funding