supporting, developing and representing community groups,
voluntary organisations, social enterprises and volunteering
Info and Discussion on UK Shared Prosperity Fund in Fife (and Community Ownership Fund)
When: 12:30 - 14:00, Tuesday 28 June 2022 Where: Zoom Call, Anywhere with an internet connection, Online, KY6 2AL This event is being organised by Fife Voluntary Action
It is too late to book a place for this particular session, sorry about that.
This session will provide a brief overview of the UK Shared Prosperity Fund (UKSPF) and what it aims to achieve, and a brief overview of the Community Ownership Fund. This will be followed by an update on how plans are developing within Fife, opportunities for the third sector locally and then some discussion on the third sector’s role going forward. Whilst a UK Government framework, the detail of how the Fund will be utilised is for Fife Council and partners to determine, so we're pleased to have a colleague from the Levelling Up Team at UK Government as well as two colleagues from Fife Council who are leading on implementation in Fife joining us for this session.
What is the UKSPF?
UKSPF is one strand of a suite of funding which succeeded the old EU structural funds. This money will invest in three local priorities; communities and place, support for local businesses and people and skills. These priorities have been set by the UK Government. The prospectus for the funding has just been published and can be accessed here.
What are the aims of the UKSPF?
The UKSPF will support the UK government’s wider commitment to level up all parts of the UK by delivering on each of the levelling up objectives:
• Boost productivity, pay, jobs and living standards by growing the private sector, especially in those places where they are lagging
• Spread opportunities and improve public services, especially in those places where they are weakest
• Restore a sense of community, local pride and belonging, especially in those places where they have been lost
• Empower local leaders and communities, especially in those places lacking local agency
‘The primary goal of the UKSPF is to build pride in place and increase life chances across the UK. This aligns with Levelling Up White Paper missions, particularly: ‘By 2030, pride in place, such as people’s satisfaction with their town centre and engagement in local culture and community, will have risen in every area of the UK, with the gap between the top performing and other areas closing.’’
The prospectus cross-references the funding themes with the aims of the Levelling Up mission statements.
How does this complement other former EU funding?
The UKSPF forms part of a suite of complementary levelling up funding. It builds on the competitive Levelling Up Fund and Community Ownership Fund through long term, stable funding, allocated to all places. It can be used to support a wide range of interventions to build pride in place and improve life chances. These can complement Levelling Up Fund capital projects, strategic Freeport investments or community-level Community Ownership Fund projects, as well as existing employment and skills provision.