The UK Shared Prosperity Fund (UKSPF) was an initiative designed to accelerate the government's ambitions.
From 2022 to 2025, the UKSPF provided funding for local investments to create positive change in communities across the country.
This fund will be replaced by the Medway Together Fund (MTF).
UKPSF investment plan priorities
We submitted a UKSPF investment plan in 2022 that was approved by the government.
At the heart of our investment plan was our commitment to achieving the best for Medway. With our allocation of £2.4 million, we outlined our spending priorities, crafting a roadmap for progress that aligned with aspirations of our vibrant communities and stakeholders.
Through the UKSPF, we channelled our resources into 3 key investment priorities:
- Communities and Place
- Supporting Local Business
- People and Skills.
Year 1 (2022 to 2023)
During Year 1 of the UKSPF programme, we invested £225,000 in 17 projects.
These delivered against the priorities of providing non-financial support to local businesses, and a range of projects that promoted and encouraged people to visit and explore the Medway towns.
Year 2 (2023 to 2024)
During Year 2 of the programme, over £260,000 was invested in 31 projects.
These projects were hugely successful in providing support to local community organisations and fostering stronger and more resilient communities by boosting local pride and enhancing life opportunities for all.
Year 3 (2024 to 2025)
During Year 3, we invested over £817,000 into 45 projects for Pride in Place and 10 projects for People and Skills.
Every project delivered was highly impactful to the community, increasing services to our residents, providing support to local businesses, building the capacity of our local groups, and boosting pride in place across Medway.
Year 4 (2025 to 2026)
After a successful lobby to government, UKSPF funding was extended by an additional year. The funding we received was less than UKSPF Year 3 with over 55 projects being supported but enabled us to continue providing support to our local organisations and communities.
After some changes in the government’s direction of the UKSPF fund for Year 4 year the priorities for Year 4 were focused on improving our communities and place and supporting local business across Medway.
During Year 4 of the UKSPF programme, we invested over £400,000 into 48 projects.
See what local communities did with Year 4’s UK Shared Prosperity Fund (UKSPF).