UK Shared Prosperity Fund

(asked on 17th October 2022) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, if it remains the policy of the Government that total domestic UK-wide funding for the Shared Prosperity Fund will on average reach about £1.5 billion per year, as announced in the Spending Review published in November 2020.


Answered by
Andrew Stephenson Portrait
Andrew Stephenson
Minister of State (Department of Health and Social Care)
This question was answered on 20th October 2022

The UK Government remains committed to levelling up across the UK. In 2021, the UK Government announced a £2.6 billion fund, the UK Shared Prosperity Fund, as a key component of this ambition. All areas of the UK will receive a UKSPF allocation via a funding formula rather than through competition. We welcome the work of local authorities and partners across the UK in developing UKSPF Investment Plans and will confirm the outcome of the Plan assessment process shortly.

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