UK Shared Prosperity Fund
(UKSPF)
The UK Shared Prosperity Fund is a government funding programme that replaced EU Structural Funds following Brexit. It aims to reduce inequalities between communities, improve pride in place, and support the transition to a green economy. Funding is allocated to local authorities and combined authorities across England, Scotland, Wales, and Northern Ireland to invest in people, communities, and local businesses.
The UKSPF ran from 2022 to March 2025 with a total allocation of £2.6 billion across the UK. Funding was divided into three investment priorities: communities and place, supporting local business, and people and skills. Lead local authorities administered the fund in England, while in Scotland, Wales, and Northern Ireland delivery was managed differently to reflect devolved arrangements. The Multiply adult numeracy programme was a separate strand delivered alongside UKSPF. The fund prioritised disadvantaged areas, with additional per-capita uplift for places previously dependent on EU structural funds. Following the end of the initial period, successor funding arrangements under the Spending Review 2025 are being determined; businesses and community organisations should check with their local authority for current opportunities.