Our allocation
All areas have received an allocation via a funding formula for 2022-23, 2023-24, and 2024-25, for both
core UKSPF and Multiply.
These are annual allocations and any funds not spent within the financial year must be returned to HMT. They cannot be carried over to subsequent years.
No requirement for match. But we should consider
where UKSPF can be used to lever private, public and
third sector funding to maximise value for money and impact.
| Core UKSPF allocation | Multiply | Total allocation |
|---|---|---|
| £88,408,357 | £16,767,132 | £105,175,489 |
| Allocation by financial year | |||
|---|---|---|---|
| 2022-23 | 2023-24 | 2024-25 | |
| Core UKSPF | £10,729,170 | £21,458,339 | £56,220,848 |
| Multiply | £5,069,133 | £5,848,999 | £5,848,999 |
| Allocation by capital/revenue split | |||
|---|---|---|---|
| Core UKSPF: revenue | UKSPF: capital | Multiply: revenue | |
| 2022-23 | Max 90% | Min 10% | 100% |
| 2023-24 | Max 87% | Min 13% | 100% |
| 2024-25 | Max 80% | Min 20% | 100% |