About the fund
The UK Shared Prosperity Fund (UKSPF) formed part of the previous government's wider commitment to level up all parts of the UK. The aim was to build pride in place and increase life chances.
The new government announced a transition year of UKSPF funding from April 2025 to March 2026. There is an intention of wider local growth funding reforms from 2026.
This transition year is to enable local authorities to continue to support local organisations and the local economy.
Bracknell Forest Council has been allocated £327,000 in 2025 to 2026 and will continue to support businesses and communities to address identified local challenges.
Priorities
The government have identified 3 core priorities for 2025 to 2026.
Communities and place
Aimed at:
- supporting healthy, safe and inclusive communities
- improving health and wellbeing
- enabling thriving places
- developing the visitor economy, high streets and town centre improvements
Local business
This includes:
- advice and support to business
- enterprise culture
- start-up support
People and skills
Aimed at:
- enabling employability
- supporting people who are economically inactive to progress towards and into sustained employment
- investing in employment related and essential skills
Local Partnership Group
A Local Partnership Group (LPG) was formed in 2022. It includes key stakeholders from organisations in Bracknell Forest. This group offers advice and oversight on the strategic fit and deliverability of UKSPF.
You can read the latest group minutes below.
| Attachment | Size |
|---|---|
Document
LPG meeting minutes - March 2025
|
168 KB |
Find out more about the UK Shared Prosperity Fund on GOV.UK.
