Guide UK Shared Prosperity Fund

Show all parts of this guide

1. Overview

What is the UK Shared Prosperity Fund? 

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 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.

What funding has East Devon received?

East Devon has been allocated £1,796,363 through the UK Shared Prosperity Fund (UKSPF) over a three year period (2022/23 to 2024/25). East Devon District Council developed an Investment Plan outlining our priorities and opportunities for spending the funding which was signed off by both the council and central government. 

East Devon has also been allocated £854,298 through the Rural England Prosperity Fund (REPF) over a two year period. The Rural England Prosperity Fund is an additional funding stream that is focused on improving productivity and strengthening rural economies and communities.

Funded by UK Government logo - text saying 'Funded by UK Government and UK emblem of a lion and unicornText reads 'Powered by Levelling Up' in dark blue