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UK SHARED PROSPERITY FUND (UKSPF)

The UK Shared Prosperity Fund (UKSPF) is a new three-year fund running from 2022/23 that replaces European Structural and Investment Funds. The South Yorkshire UKSPF allocation totals £46.2m, made up of £7.3m Multiply and £38.9m “Core” UKSPF. South Yorkshire Mayoral Combined Authority (SYMCA) will administer UKSPF for South Yorkshire’s four local authority areas.

The purpose of the UKSPF is to build pride in place and increase life chances across the UK, this will be achieved through three UKSPF priorities:

  • Communities and Place
  • Local Business Support
  • People and Skills

SYMCA are finalising a regional UKSPF Investment Plan, setting out our local priorities over the next three years. We have engaged with a wide range of local stakeholders from the private, public, community and voluntary sectors and received their input on how the funding should be spent and how they could support delivery in the period from 2022 to 2025.

We hosted a series of UKSPF webinars in summer 2022. The first webinar focussed on information sharing and providing a route for feedback. The second webinar focussed on where we were at the time, the themes and interventions we had identified as priorities for South Yorkshire and explained next steps.

A recording of each session has been made available below.

Webinar 1 recording


Webinar 2 recording

FAQs

Which existing plans, other than the Strategic Economic Plan and the Renewal Action Plan, is the Investment Plan being built upon?

Can you please share details of the membership for both the Steering Group and the Partnership Board?

Which, if any, Interventions have already been selected?

What is Multiply?

For enquiries relating to the UK Shared Prosperity Fund please contact the Growth Hub at:  growthhub@southyorkshire-ca.gov.uk