UK Shared Prosperity Fund

UK Shared Prosperity Fund

The UK Shared Prosperity Fund (UKSPF) is part of the Government’s Levelling Up agenda. It provides £2.6 billion of new funding for local investment by March 2025. All areas of the UK will receive an allocation from the Fund. The fund replaces the current EU structural funds, which will have finished by the end of 2023.

The primary goal of the UKSPF is to help build pride in place and to help to increase life chances across the UK.

Barrow has been allocated a funding allocation of £2.48m. 

We are responsible for preparing an Investment Plan for the funding to submit to Government by 1 August 2022.

Funding available for projects in Barrow Borough

We are getting an allocation of £2.48m from the government, to be invested over the next three years. The funding is allocated annually. The majority of funding will be available in the final year of the programme, as EU structural funds in the community come to an end. Some of this allocation may be used for programmes which deliver across more than one local authority area, or by us for direct delivery of programmes.

We are asking organisations across Barrow Borough to submit proposals to us, for projects that deliver support in our communities and the wider area. We are also looking for organisations who are interested in working with us to share their insight and knowledge and help us to shape our investment plan.

Eligible projects

We are looking for proposals from organisations in the community, charity, voluntary or business support sectors.

Projects must meet the requirements of the funding programme and support growth and prosperity locally. They should align with one or more of the three priorities of the UK Shared Prosperity Fund which are:

  • Community & Place
  • Supporting Local Business
  • People & Skills

We are encouraging proposals from organisations who have a track-record of delivery in their field and capacity to ensure delivery.

How you can use the funding

Funding must be used for either:

  • provision that is in addition to what is already available
  • to replace key spending that may not be available in future years

Projects do not have to be fully costed at this stage of the process.

Submit a proposal

Given the level of interest and the limited funding available, there will be a high demand for funding. Any proposals we receive will be considered against prioritised needs.

You can submit an expression of interest up to 29 June 2022.

To submit a proposal, please email and copy in If you want to submit more than one proposal, let us know in your email and we will set up a separate link for each proposal.

Before you submit a proposal, please refer to the following guidance:

If you have any questions you can contact us using the details below.

Contact details:

Contact: Regeneration & Planning Policy