UK Shared Prosperity Fund: Wales
The question
To ask the Secretary of State for Housing, Communities and Local Government, how much funding her Department plans to provide through the UK Shared Prosperity Fund to projects in Wales in the (a) 2024-25 and (b) 2025-26 financial year by project.
Answered by Alex Norris
The UK Shared Prosperity Fund (UKSPF) operates under a delegated delivery model, meaning lead local authorities are responsible for managing the funding for their area and the allocation of funds to projects.
Lead local authorities in Wales have been paid £260 million of the £307 million Core UKSPF allocation and £5 million of the £35 million Multiply allocation available to them this financial year for delivery up to March 2025. The outstanding amounts remain available to be paid to lead local authorities at the end of the financial year, based on actual spend. We intend to confirm allocations for 2025-26 as soon as possible.
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