UK Shared Prosperity Fund: Lincolnshire
The question
To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the adequacy of UK Shared Prosperity Fund allocations to Lincolnshire since 2023.
Answered by Miatta Fahnbulleh
UKSPF provides a total of £3.5 billion of funding for local investment over four years (2022-26), with all places in the UK receiving an allocation via a funding formula. The funding methodologies for the periods 2022-25 and 2025-26 are published on gov.uk.
Changes were made to the English allocation methodology for 2025-26 to support mayoral combined authorities with capital for early development of local growth plans and local priority investments, as well as targeting places with the highest levels of deprivation.
The county of Lincolnshire received a total of £34.7m (including a £1.97m Multiply allocation) across 2022-25 and a further £14.8m of UKSPF funding for 2025-26 through the newly established Greater Lincolnshire Combined Authority to deliver interventions in line with their local priorities.
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