Home » First call for UK Shared Prosperity Fund now open to applicants
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First call for UK Shared Prosperity Fund now open to applicants

The UK Shared Prosperity Fund is open for outline bids, and the call is out to encourage them. ‌​​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

In collaboration with Ambition North Wales, Wrexham County Borough Council, Flintshire County Council, Denbighshire County Council, Conwy County Borough Council, Cyngor Gwynedd, and the Isle of Anglesey County Council have announced that organizations in North Wales may now submit their initial applications for funding from the UK Shared Prosperity Fund (UKSPF). ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

The first call for SPF applications in North Wales is now open, which is fantastic news for Wrexham, according to councillor Mark Pritchard, who also serves as the council’s leader and lead member for finance. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

If you’re working on a project that will boost community pride and life possibilities in the county borough, please take a look — this might be a great opportunity to acquire the financing you need. “We urge local clubs and organizations to take advantage of this fantastic opportunity. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

You can find more information on the Wrexham Council website. “The SPF is looking for programs that assist communities, businesses, and adult skills initiatives.” ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

The UK Government announced in December 2022 that the North Wales area’s application to access its UKSPF had been approved, allowing access to the £126.46 million that has been designated for the region through March 2025. The funding consists of both revenue and capital funds. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Since then, Ambition North Wales and the six local authorities in the area have been working hard to put all the necessary structures in place to allow organizations to further their ideas that need finance. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Organizations looking to execute a project in one or more local authority areas of North Wales with funding from the UKSPF of at least £250,000 are now asked to submit an outline proposal by Friday, February 24, 2023, at noon. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

You can learn more about the opportunities and the crucial considerations that organizations should make before applying at https://www.wrexham.gov.uk/SharedProsperityFund. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Most local authorities will be trying to establish local intermediary funds to give local enterprises, organizations, and communities who need smaller amounts of assistance access to UKSPF money, giving a more straightforward application, approval, and monitoring process. As it becomes accessible, information about these monies will start to surface on each local authority’s website. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​