Shared Prosperity Fund
We have been allocated £12.6m from the Government's Shared Prosperity Fund for activity until March 2025 as part of the Government's Levelling Up agenda, providing support for places across the UK. The priorities for how this resource will be utilised is set in the Cheshire West and Chester SPF Investment Plan, which was developed in line with government guidance and in partnership with local stakeholders. This plan was approved by the Department for Levelling Up, Housing and Communities (DLUHC) on 6 December 2022.
The funding is divided into three broad themes: Community and Place; Supporting Business, and People and Skills - which also includes Multiply, the Government's adult numeracy programme.
An additional rural allocation has been approved, but we are still awaiting grant funding agreement and further guidance before we can launch any funding under this theme (expected May/June 2023).
Year one funding (2022-23)
Due to the short timescales available following the approval of Investment plan in December 2022, the decision was made by Cabinet to support pre-identified projects that could achieve spend, outcomes and outputs by the end of March 2023, in-line with the priorities identified in the Investment Plan.