Skip to main content

UK Shared Prosperity Fund: presentation June 2022

Investment priorities

Communities and Place
  • Strengthening social fabric
  • Fostering a sense of local pride and belonging
  • Building resilient and safe neighbourhoods
Local Business Support
  • Creating jobs and boosting community cohesion by supporting local businesses
  • Promoting networking and collaboration and stimulating innovation and growth
  • Targeted support to help business growth e.g. innovation, productivity, energy efficiency, low carbon and
    exporting
People and Skills
  • Boosting core skills and supporting adults to progress in work
  • Supporting disadvantaged people to access the skills they need
  • Funding local skills needs and supplementing adult skills provision
  • Reducing level of economic inactivity and supporting those furthest away from the labour market.


Alongside the prospectus, government has also published a menu of interventions and activities to select from. Places are encouraged to consider how these can be adapted to suit local characteristics and reflect the distinct opportunities and challenges that communities face.