UK Shared Prosperity Fund

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 a component of its support for places across the UK. It provides £2.6 billion of capital and revenue funding for investment in local projects to be spent by March 2025. All areas of the UK will receive an allocation from the fund. The primary goal of UKSPF is to build pride in place and increase life chances across the UK. The fund has three investment priorities:

  • community and place
  • supporting local business
  • people and skills

Find out more about the UKSPF at GOV.UK.

What is the Rural England Prosperity Fund?

The Rural England Prosperity Fund (REPF) is a top-up to UKSPF, to be spent between April 2023 and March 2025. The fund supports activities that specifically address the particular challenges rural areas face. It is capital funding only and is complementary to funding used to support rural areas under the UKSPF. REPF objectives sit within the UKSPF investment priorities for:

  • community and place
  • supporting local business

Find out more about the REPF at GOV.UK.

What does this mean for West Lindsey?

We have been allocated £2,720,437 UKSPF and £795,821 REPF, to be spent by March 2025.

Our allocated funding will be spent on activity that supports the objectives of both UKSPF and REPF, as well our own local objectives outlined in our Corporate Plan.

Further details regarding UKSPF and REPF funding and projects in West Lindsey will be announced shortly. Please check this webpage for regular updates.

For more information or any queries, please contact us by emailing: