UK Shared Prosperity Fund and Rural England Prosperity Fund

Investment in communities and place, supporting local business and people and skills.

The UK Shared Prosperity Fund (UKSPF) aims to help kickstart economic growth and promote opportunities in all parts of the UK by investing in communities and place, supporting local business, and people and skills. The UKSPF replaces the European Regional Development Fund and European Social Fund, with all areas of the UK receiving an allocation.

The Rural England Prosperity Fund (REPF) is a top-up to the UKSPF and succeeds EU funding from LEADER and the Growth Programme which were part of the Rural Development Programme for England. The REPF supports capital projects for small businesses and community infrastructure. This will help to improve productivity and strengthen the rural economy and rural communities.

Lead local authorities have flexibility over how they deliver the UKSPF and REPF. Westmorland and Furness Council will use a mix of competitions for grant funding, procurement, commissioning or delivery through in-house teams.
 

Investment priorities and funding allocation

We received UKSPF funding of £2,017,798 in 2023/24 and £5,286,627 in 2024/25. We have a further £2,719,672 for 2025/26 only.

We also received REPF funding of £547,413 in 2023-24 and £1,642,238 in 2024-25. We have a further £726,439 for 2025/26 only. 

The UKSPF and REPF run until March 2026. We expect wider local growth funding reforms in the 2025 Autumn Statement.

The Council’s investment priorities for the UKSPF and REPF are:

  • improvements to town centres and high streets
  • arts, cultural and creative activities
  • Active Travel
  • voluntary and social action projects
  • improvements to sports facilities
  • business start-up, growth and innovation
  • business decarbonisation
  • support to access employment
  • support to help people in employment access education and training
  • small scale investment in micro and small enterprises in rural areas
  • growing the local social economy and supporting innovation
  • improvements to cultural, historic and heritage institutions and assets

Projects

We have supported many projects through the UKSPF and REPF. These include:

Funding in 2025 and 2026

As all funding has been allocated to the above projects, there won't be another call for brand new projects in 2025/2026. 

Local businesses and communities can apply for support by contacting the delivery organisation. 

If you have any questions on the available support you can contact us at econ.dev3@westmorlandandfurness.gov.uk

Further guidance to support projects:

For more information on the UKSPF and REPF: