In April 2022, the Government launched the UK Shared Prosperity Fund (UKSPF) to support its Levelling Up agenda, which aims to reduce regional disparities across the UK.
This £2.6 billion fund focuses on building people's pride in where they live; supporting high quality skills training; encouraging pay, employment and productivity growth; and creating better life chances.
Councils submitted investment plans to the Department for Levelling Up, Housing and Communities. To develop the investment plan, we consulted with stakeholders to develop projects that meet local needs. The proposals were approved by our two Cabinets in July 2022, prior to submission. The Broadland District Council and South Norfolk Council plans have since been signed off by the Government.
Broadland District Council has been allocated £1,312,931
South Norfolk Council has been allocated £1,570,485
Both councils have until 31 March 2025 to invest this funding in initiatives that will address inequality and contribute to levelling up, based around the three investment priorities outlined below
Communities and Place
We have created a Pride in Place community grant scheme to provide local town and parish councils, charitable and voluntary organisations with the opportunity to bid for grants to support the development of new or existing community facilities and build community spirit in our various towns and villages.
Supporting local business
We have launched a Business Builder programme aimed at helping entrepreneurs and established businesses grow and prosper. Entrepreneurs can access advice and support through a comprehensive online business startup training package, while trading businesses are able to access grant funding alongside specialist mentoring support and training courses.
We can also provide support, advice and guidance through the Business Regulatory Support Hub, and we can signpost to relevant types of information and funding that may be useful to a specific business. We are also looking to support local businesses through Cluster Groups, which will allow businesses to support each other by sharing and solving challenges, understanding the local supply chain and exploring new markets.
People and Skills
The final strand of the UK Shared Prosperity Funding (available in 2024/2025) focuses on People and Skills. Further information will be shared here as we approach March 2024.
To find out more about our specific programmes within the interventions, click on the links below.