UK Shared Prosperity Fund (UKSPF)

Overview

The UK Shared Prosperity Fund will provide £2.6 billion of funding for local investment by March 2025.

The Fund aims to improve life for residents across the UK by investing in three themes:

  • communities and place
  • supporting local business
  • people and skills

The Government's UK Shared Prosperity Fund (UKSPF) Prospectus provides detailed information, including:

  • the types of projects it supports
  • how it operates
  • the bidding process

For more information about the fund see:

If you have further questions, email business@southtyneside.gov.uk.

Successful projects

South Tyneside's UKSPF Programme has awarded almost £8.8 million to 30 projects across the borough to date.

These projects were successful after detailed, independent assessments which looked at how bids could:

  • deliver by March 2025
  • meet the objectives of UKSPF
  • deliver key local growth priorities, as set out in the prospectus

The full list of successful bids so far can be found below.

Community and Place

Supporting Local Business

People and Skills