The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK government and a significant component of its support for places across the UK. It provides £902m of new funding for local investment by March 2026.
South Staffordshire Council has been allocated £1.2 million to support revenue schemes and capital projects, the fund will end in March 2026.
The council has allocated its UKSPF funding to support with the continuation of existing schemes which provide vital support to the people and businesses of the area.
In September 2022, the government announced the launch of the Rural England Prosperity Fund (REPF), in addition to the £902m of UKSPF funding, a further £33 million will be delivered by eligible local authorities to support rural businesses such as farms, wedding venues and pubs. The Funding will be invested in projects which will boost productivity and create rural job opportunities.
South Staffordshire Council has been allocated £146,792 to support the rural community and business infrastructure, the fund will end in March 2026.