Overview
The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK Government's Levelling Up agenda and a signifiant component of its support for places across the UK. The Levelling Up White Paper identifies 12 cross-cutting missions which provide a focus for the UKSPF and for wider government action.
The primary goal of UKSPF is to build pride in place and increase life chances across the UK, through the delivery of four main objectives:
- Boost productivity, pay, jobs and living standards, especially in those places where they are lagging.
- Spread opportunities and improve public services, especially in those places where they are weakest.
- Restore a sense of community, local pride and belonging, especially in those places where they have been lost.
- Empower local leaders and communities, especially in those places lacking local agency.