UK Shared Prosperity Fund

It replaces European Structural and Investment Funds (ESIF) such as the European Regional Development Fund (ERDF) and the European Social Fund (ESF).

West Yorkshire has been allocated £83,054,057 from the UK Shared Prosperity Fund. This is split into;

• ‘Core’ funding of £68,002,877 
• Multiply funding of £12,483,679.
• Rural England Prosperity Fund £2,567,501 (now closed to new applications)

In April 2022, the UK Government published the UK Shared Prosperity Fund Prospectus. 

Until June 2024, the UKSPF was led by the Department for Levelling Up, Housing and Communities (DLUHC). From July 2024 the fund is under the Ministry of Housing, Communities and Local Government (MHCLG) supporting government commitments and objectives for improving all parts of the UK:

• Boost productivity, pay, jobs and living standards by growing the private sector, 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.

This will be achieved through three UKSPF Pillars which are:

The Combined Authority’s role in the UK Shared Prosperity Fund

West Yorkshire has been identified as one of the delivery geographies for UKSPF and West Yorkshire Combined Authority (the Combined Authority) will be the Lead Authority for West Yorkshire working in partnership with our partner councils. This means that the Combined Authority will administer UKSPF in West Yorkshire.

In order to access the UKSPF, the Combined Authority has produced both a local UKSPF Investment Plan, which will also include the plan for the Rural Prosperity Fund, and a Multiply Investment Plan. The plans set out what the local priorities are and how those local priorities will be delivered to meet the local measurable outcomes to be achieved by the funding over the next three years.

In West Yorkshire we believe we are in a strong position to use this funding alongside other funding to help champion the region to achieve the best outcomes for all.  We already have a West Yorkshire Investment Strategy that demonstrates the outputs and outcomes we want to achieve for the region. With sufficient flexibility, we think UKSPF in West Yorkshire will be a key part of achieving that strategy.

In West Yorkshire £30m of the UKSPF allocation has been allocated to the five local authorities to support the delivery of a hyper local programme which aims to complement a number of regional programmes. For UKSPF opportunities in each of the Local Authority areas please contact the relevant individuals as outlined in the Single Point of Contact document.