UK Shared Prosperity Fund
The question
To ask the Secretary of State for Housing, Communities and Local Government, whether she has made a recent assessment of the potential impact of extending the UK Shared Prosperity Fund on (a) small business, (b) farmers and (c) community infrastructure.
Answered by Alex Norris
The Autumn Budget announced that the UK Shared Prosperity Fund (UKSPF), for which the previous government made no plans beyond March 2025, will be extended for 2025-26 at a reduced level of £900 million. This transitional arrangement will allow places to continue investing in local growth in advance of wider funding reform. It will ensure stability and flexibility for areas to deliver the most important local projects, which can include help for small businesses and community projects where relevant.
We are committed to evaluating the impacts of the UKSPF. The UKSPF evaluation strategy is published online and sets out the approach to evaluation at programme, intervention and place level. The department is committed to publishing evaluation findings on an ongoing basis as they are available.
The Rural England Prosperity Fund is delivered alongside UKSPF to help rural communities and businesses, including farm businesses. Its evaluation is also now underway.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →