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UK Shared Prosperity Fund (UKSPF)

UK Shared Prosperity Fund

In April 2022, The Department of Levelling Up, Housing and Communities (DLUHC) published guidance on the UK Shared Prosperity Fund (UKSPF).

The guidance confirmed Maldon District Council’s allocation of £1,000,000 over three financial years from October 2022 to end March 2025. 

The funds focus on three key investment themes;  

  • Community and Place 

  • Supporting Local Business 

  • People and Skills (funding released only in 2024/2025)  

As a lead local authority, we (Maldon District Council) will be responsible for developing and submitting an Investment Plan for approval by DLUHC by 1 August 2022.  

The prescribed interventions set by government are available at gov.uk.

The proposals for the investment plan have been drawn from existing District strategy, policy, and priorities, as well as engagement with local stakeholders and businesses over the last few years.

A list of the proposed interventions to be supported in the Investment Plan are below;

Communities and Place Investment Theme

E1

Funding for improvements to town centres and high streets, including better accessibility for disabled people, including capital spend and running costs.

E2

 Funding for new, or improvements to existing, community and neighbourhood infrastructure projects including those that increase communities’ resilience to natural hazards, such as flooding. This could cover capital spend and running costs.

E3

Creation of and improvements to local green spaces, community gardens, watercourses and embankments, along with incorporating natural features into wider public spaces.

E6

 Support for local arts, cultural, heritage and creative activities.

E7

 Support for active travel enhancements in the local area.

E9

 Funding for impactful volunteering and/or social action projects to develop social and human capital in local places.

E10

 Funding for local sports facilities, tournaments, teams and leagues; to bring people together.

E11

 Investment in capacity building and infrastructure support for local civil society and community groups.

E12

 Investment in community engagement schemes to support community involvement in decision making in local regeneration.

E13

Community measures to reduce the cost of living, including through measures to improve energy efficiency, and combat fuel poverty and climate change.

E14

Funding to support relevant feasibility studies. 

Supporting Local Business Investment Theme

E16

Investment in open markets and improvements to town centre retail and service sector infrastructure, with wrap around support for small businesses.

E17

Funding for the development and promotion (both trade and consumer) of the visitor economy, such as local attractions, trails, tours and tourism products more generally.

E18

 Supporting Made Smarter Adoption: Providing tailored expert advice, matched grants and leadership training to enable manufacturing SMEs to adopt industrial digital technology solutions including artificial intelligence; robotics and autonomous systems; additive manufacturing; industrial internet of things; virtual reality; data analytics. The support is proven to leverage high levels of private investment into technologies that drive growth, productivity, efficiency and resilience in manufacturing.

E23

Increasing investment in research and development at the local level. Investment to support the diffusion of innovation knowledge and activities. Support the commercialisation of ideas, encouraging collaboration and accelerating the path to market so that more ideas translate into industrial and commercial practices.

E24

Funding for new and improvements to existing training hubs, business support offers, ‘incubators’ and ‘accelerators’ for local enterprise (including social enterprise) which can support entrepreneurs and start-ups through the early stages of development and growth by offering a combination of services including account management, advice, resources, training, coaching, mentorship and access to workspace.

E26

Support for growing the local social economy, including community businesses, cooperatives and social enterprises.

E30

Business support measures to drive employment growth, particularly in areas of higher unemployment.

E31

Funding to support relevant feasibility studies.

People and Skills

E33

 Employment support for economically inactive people: Intensive and wrap-around one-to[1]one support to move people closer towards mainstream provision and employment, supplemented by additional and/or specialist life and basic skills (digital, English, maths* and ESOL) support where there are local provision gaps.

The opportunity to provide feedback closed at noon on 30 June. Due to the challenging timescale to develop and submit the plan, it may not be possible to include all suggestions provided. However, all responses on the proposals will be considered.  

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