# £2.6 billion allocated to communities from UK Shared Prosperity Fund

- Link: https://fundraising.co.uk/2022/04/19/2-6-billion-allocated-to-communities-from-uk-shared-prosperity-fund/
- Published: 2022-04-19T09:38:00+01:00
- Author: Melanie May

**The government has allocated £2.6 billion of funding to communities across the
UK from its UK Shared Prosperity Fund.**

The [UK Shared Prosperity Fund](https://www.gov.uk/government/publications/levelling-up-fund-round-2-application-guidance)
enables communities to draw up plans to deliver on local priorities, based on a 
conditional allocation of funding over the next three years. These could include,
for example, regenerating high streets, fighting anti-social behaviour and crime,
or helping more people into employment.

Local areas across England will receive £1.58 billion, Scotland £212 million, Wales
£585 million and Northern Ireland £127 million under the fund.

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According to the government, the funding delivers on its commitment to match the
previous EU funding from the European Social Fund and European Regional Development
Fund.

Funding decisions will be made by elected leaders in local government, with input
from local members of parliament and local businesses and voluntary groups.

The fund also includes a £559 million adult numeracy programme for the UK called
Multiply, which will support people with no or low-level maths skills get back into
work. The scheme will offer free personal tutoring, digital training, and flexible
courses to improve adults’ confidence and numeracy skills.

Secretary of State for Levelling Up Michael Gove MP said:

> “The UK Shared Prosperity Fund will help to unleash the creativity and talent 
> of communities that have for too long been overlooked and undervalued.
>  
> “By targeting this funding at areas of the country that need it the most, we will
> help spread opportunity and level up in every part of the United Kingdom.”

The allocation formula for UK Shared Prosperity Fund takes into account local population
data, and a broadly based measure of need, including factors like unemployment and
income levels.

Funding for the UK Shared Prosperity Fund will be £2.6 billion between 2022 and 
2025, with this figure reaching £1.5 billion per year by March 2025, delivering 
on the UK government’s commitment to match the average spending of EU structural
funds over the previous programme.

According to the government, in England each Local Enterprise Partnership area will
receive the same in real terms as it used to under EU funding, and within each Local
Enterprise Partnership area an index of need will be used to allocated funding to
each local authority. Scotland and Wales will receive the same in real terms as 
they used to receive under EU funding, and an index of need will be used to allocate
funds to authorities and regions within Scotland and Wales. Based on consultation
with local government and the Scottish and Welsh governments these indexes will 
be bespoke to their local situations. Northern Ireland will receive a single allocation
and will draw up a single investment plan for all of the country.