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  • Writer's pictureJohn Copps

What local government needs to do on the UK Shared Prosperity Fund

Updated: Apr 22, 2022

The UK government has now published the long-awaited guidance on the UK Shared Prosperity Fund.

Local authorities need to be ready to produce a compelling investment plan to for how they are going to make the most of the Fund. The deadline for this is 1st August - so it is important to act quickly.

Read our two-page briefing on the Fund

UKSPF note
Download PDF • 513KB

In the investment plan, authorities are asked to set out consider three key investment priorities:

  • Community and place – strengthening social fabric, building local pride and resilient and safe neighbourhoods

  • Supporting local businesses creating jobs and boosting community cohesion

  • People and Skills boosting core skills and opportunity

The Fund also requires authorities to outline the capacity and capability they have to manage their allocation.

Mutual Ventures can help you by providing experience and expertise to help you develop a compelling investment plan, tailored to the capacity and expertise you already have in place. Our team have a strong track record of working with district and unitary councils to secure money, including from the Levelling Up Fund.

To speak to us about the UK Shared Prosperity Fund and how we might help you contact


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