About the UKSPF
The UK Shared Prosperity Fund (UKSPF) is an initiative designed to accelerate the government's Levelling Up agenda.
From 2022 to 2023 to 2024 to 2025, the UKSPF will provide funding for local investments to create positive change in communities across the country.
The UKSPF presents a significant opportunity to level up disadvantaged regions, empowering them with greater access to funding and resources. With the UKSPF's support, local initiatives can flourish, forging stronger and more resilient communities, by boosting and cultivating local pride and enhancing life opportunities for all.
UKSPF Year 3 launches on Wednesday 1 May 2024
We'll be launching Year 3 of Medway's UKSPF on Wednesday 1 May with an event at Rochester's Corn Exchange between 12pm and 2pm.
This event will announce the latest allocation of funding and how to apply. Year 3 funding will be available to:
- charities
- voluntary organisations
- private sector companies
- higher and further education institutions
- public sector organisations
- council services.
It’s free to attend and will provide a range of useful information to assist your application.
Lunch will be provided and booking via Eventbrite is essential as spaces are limited.
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Book your space via Eventbrite.
About this year’s funding
This year’s funding pot is split into 3 areas:
- Feasibility Fund - to help get projects, events or programmes off the ground
- Pride in Place Fund - to help you run projects, events or programmes
- People and Skills Fund - providing grants to support training opportunities.
We have been allocated £1.8 million from the UKSPF to provide investment between 2022 and 2025.
Medway Council’s UKSPF fund is an open application process, where applicants can apply for funding by completing an application form.
Application forms will be available to download from Wednesday 1 May. You'll be able to submit them online or by emailing medwayukspf@medway.gov.uk.
We'll update this webpage once further information becomes available.
Priority themes for UKSPF Year 2
Our Year 2 Investment Plan identified the following priorities and themes for UKSPF applications.
To be eligible for funding, all applications had to include at least one of the following interventions under each priority.
Priority 1: Communities and Place
- Intervention 1: Enhancing support for local community and neighbourhood infrastructure projects.
- Intervention 2: Supporting the development of campaigns to encourage visits and exploration of the local area.
- Intervention 3: Providing supporting infrastructure to, or helping to build capacity of, local groups.
Priority 2: Supporting Local Business
- Intervention 4: Helping to strengthen local entrepreneurial ecosystems.
- Intervention 5: Offering business support, training, incubation, or accelerator space to local businesses.
- Intervention 6: Helping to develop local Angel investor networks.
- Intervention 7: Supporting the decarbonisation agenda and natural environment.
Our approach to Year 2 UKSPF
To deliver on the objectives of the UKSPF, we had 2 initiatives that were open to applications.
The Pride in Place Fund
The Pride in Place Fund was open to applicants looking to promote a rich cultural experience for residents and visitors alike, to support the social enterprise sector, and to help businesses deliver transformation in alignment with the goals and objectives of ‘Medway 2037’.
We welcomed bids from organisations looking to fund a range of projects which aligned with our identified priorities (above) and themes, including:
- supporting local community infrastructure projects
- supporting and developing campaigns to attract visitors and to help people explore Medway
- building the capacity and capabilities of local community groups
- supporting business transformation, for example, decarbonisation.
Find out more and apply for the Pride in Place Fund.
The Feasibility Fund
The Feasibility Fund provided funding for feasibility studies to support initial concept and business plan development: seed funding to help get project ideas off the ground.
This fund could help to unlock projects capable of securing further public and private investment in the longer-term.
The Feasibility Fund was intended to support projects that could deliver outcomes across our 2 overarching priorities (above).