UK Shared Prosperity Fund
The UK Shared Prosperity Fund (UKSPF) is a government funding programme designed to support local communities and boost the economy across the UK.
The UK government has set out an ambitious plan for change with a focus on kickstarting economic growth and promoting opportunities in all parts of the UK.
UKSPF proactively supports communities everywhere based on three key priority areas: Communities and Place, Supporting Local Business, and People and Skills.
Tees Valley Combined Authority has been awarded £21.5m for local investment by March 2026, enabling us to work with local partners to invest in priorities and target funding where it is needed most in our region.
The money will support a further year of projects, building on a £46.3million allocation over the past three years (2022-25).
Visit the links below to see the UKSPF Evidence Base in Tees Valley and our investment plans for 2022-25 and 2025/26.
This document sets out the evidence of Tees Valley challenges and opportunities that informed the prioritisation of funding under the three UKSPF priority areas:
• Communities & Place
• People & Skills
• Supporting Local Business
See how our 2022 – 25 programmes have been driving economic growth, creating jobs and improving local areas.
If you have any questions, please contact [email protected]
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