1. Home
  2. Business support
  3. UK Shared Prosperity Fund (UKSPF)

UK Shared Prosperity Fund (UKSPF)

Funded by UK Government

The UK Government provided  £2.6 billion of UK Shared Prosperity Funding (UKSPF) for local investment between April 2022 and March 2025. A further £900 million of UKSPF funding has been allocated to be spent between April 2025 and March 2026.

The UKSPF proactively supports Mission-delivery: pushing power out to communities everywhere, with a specific focus to help kickstart economic growth and promote opportunities in all parts of the UK.

Investment priorities

There are 3 investment priorities:

Community and place

  • Strengthening our social fabric and fostering a sense of local pride and belonging.
  • To build resilient and safe neighbourhoods.

Supporting local business

  • Creating jobs and boosting community cohesion by supporting local businesses.
  • Promoting networking and collaboration and stimulating innovation and growth.
  • Targeted support to help businesses grow e.g. innovation, productivity, energy efficiency, low carbon and exporting.

People and skills

  • Boosting core skills and support adults to progress in work.
  • Supporting disadvantaged people to access the skills they need.
  • Funding local skills needs and supplementing local adult skills provision.
  • Reducing levels of economic inactivity and supporting those furthest from the labour market.

UKSPF investment priorities and the government’s Missions

For 2025-2026, existing interventions have been mapped into Mission-led themes across the three priority areas. These 5 government missions include:

  • Mission 1: Kickstart economic growth
  • Mission 2: Make Britain a clean energy superpower
  • Mission 3: Take back our streets
  • Mission 4: Break down barriers to opportunity
  • Mission 5: Build an NHS fit for the future

To find out more about the fund, read the UKSPF prospectus on the government website.  Information regarding  updates to the funding for the 2025-2026 financial year can be found here.

Funding allocation

In 2022-2025 Horsham District were allocated £1million to spend over the first 3 years of UKSPF funding. This was divided by financial year:

  • 2022-23: £150,000 (15%)
  • 2023-24: £270,000 (27%)
  • 2024-25: £580,000 (58%)

Horsham District have been allocated a further £327,146 to spend over the next financial year 2025-2026.