UK Shared Prosperity Fund
The UK government has set out an ambitious plan for change, focused on 5 national Missions: ambitious, measurable, long-term objectives that provide a driving sense of purpose for the country.
The UK Shared Prosperity Fund (UKSPF) proactively supports Mission-delivery: pushing power out to communities everywhere, with a specific focus to help kickstart economic growth and promoting opportunities in all parts of the UK.
The UK government's Autumn Budget announced further funding for local investment by March 2026.
For High Peak, UKSPF has three priority areas:
· Communities and Place; £755,230
· Support for Local Business £267,261
· People and Skills £35,000
Total UKSPF allocation 2025/26: £1,057,491
1. Procurement which must comply with the Council's procurement regulations. Open procurements can be found on current tender opportunities page.
2. Direct spend by High Peak Borough Council
3. Award of grants through a competitive grant process
The High Peak UKSPF Investment Plan was submitted in August 2022 as below.
HPBC UKSPF Investment Plan (PDF, 114 KB)
A UKSPF Board has been established to oversee the delivery of UKSPF in High Peak.
The Rural Fund
The Council also received £120,261 additional capital spend from the Rural England Prosperity Fund.
The Rural Fund is managed alongside the UKSPF allocation and overseen by the UKSPF Board.
Contact us
Enquiries on High Peak's UKSPF and Rural England Prosperity Board can be sent to UKSPF@highpeak.gov.uk
Businesses may wish to sign up to Our business newsletter to receive monthly updates on UKSPF and other funding for business.
Background
Background to the approval for the High Peak UKSPF can be seen in the below Committee reports:
14th July 2022 - Economy and Growth Select Committee
29th July 2022 - UK Shared Prosperity Fund, The Executive - Individual Executive Decisions
Further updates will be provided periodically to the Economy & Growth Select Committee.
More Information on Rural England Prosperity Fund
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