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Shared Prosperity Fund

Overview

The UK Shared Prosperity Fund (UKSPF) was a Government funding programme designed to support local communities, businesses and skills development, initially forming part of the UK’s wider “Levelling Up” agenda. In Cheshire West and Chester, the Council was allocated £12.6 million for delivery between April 2022 and March 2025, supported by a locally-developed Investment Plan agreed with stakeholders.

A one-year transition allocation (2025–2026) of approximately £3.6 million allowed selected projects to continue temporarily beyond UKSPF’s initial lifespan.

The UK Shared Prosperity Fund has now closed, with no confirmed successor funding programme in place as of June 2026.

Programme aims

Across the borough, UKSPF investment focused on three core priorities:

  • Communities and Place – strengthening local pride, culture and infrastructure
  • Supporting Local Business – helping businesses grow, innovate and create jobs
  • People and Skills – improving employability, skills and access to work

These priorities aimed to:

  • Improve life chances and wellbeing
  • Empower communities and voluntary sector organisations
  • Support business resilience and growth
  • Help residents access employment, training and opportunities

Key delivery themes