UK Shared Prosperity Fund
The primary goal of the UKSPF is to build pride in place and increase life chances across the UK
The UK Ministry of Housing, Communities & Local Government manages the UK Shared Prosperity Fund (UKSPF). The UKSPF is based on three investment priorities which are Communities and place, Supporting local business and People and skills.
The following allocation of funding was made to High Peak Borough Council in January 2023:
- Communities and place - £1,046,400
- Supporting local business - £1,019,500
- People and skills - £249,600
The funds will be allocated within High Peak in three main ways:
1. Procurement which must comply with the Council's procurement regulations. Open procurements can be found on current tender opportunities page.
2. Direct spend by High Peak Borough Council
3. Award of grants through a competitive grant process
The High Peak UKSPF Investment Plan was submitted in August 2022 as below.
HPBC UKSPF Investment Plan (PDF, 114 KB)
A UKSPF Board has been established to oversee the delivery of UKSPF in High Peak.
The Rural Fund
The Council also received approval of its submission to the Government Department for Environment Food & Rural Affairs (DEFRA) for £400,000 additional capital spend from the Rural England Prosperity Fund.
The Rural Fund has two objectives to support rural businesses and to support rural communities. Rural England Prosperity Fund can be invested in projects which will boost productivity and create rural job opportunities.
The Rural Fund will be managed alongside the UKSPF allocation and overseen by the UKSPF Board.
Contact us
Enquiries on High Peak's UKSPF and Rural England Prosperity Board can be sent to UKSPF@highpeak.gov.uk
Businesses may wish to sign up to Our business newsletter to receive monthly updates on UKSPF and other funding for business.
Background
Background to the approval for the High Peak UKSPF can be seen in the below Committee reports:
14th July 2022 - Economy and Growth Select Committee
29th July 2022 - UK Shared Prosperity Fund, The Executive - Individual Executive Decisions
Further updates will be provided periodically to the Economy & Growth Select Committee.
More Information on Rural England Prosperity Fund
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