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UK Shared Prosperity Fund (UKSPF)

The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK Government’s ambitious Levelling Up agenda. It is a significant component of its support for places across the UK. It provides £2.6 billion of new funding for local investment by March 2025. The primary goal is to build pride in place and increase life chances across the UK.

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UKSPF in Angus

The UKSPF was launched on 13 April 2023. Allocations have been made to each nation (Scotland, England, Wales and Northern Ireland).

Local authorities received conditional allocations upon submission. They sign off on an Investment Plan which should set out measurable outcomes that reflect local needs and opportunities.

The total conditional allocation for the Tay Cities Region is £16.2million, of which £4.9m is allocated to Angus.

In Angus we will take a people-led approach to project planning and delivery, working with local partners and communities to understand local needs, aspirations and priorities.

The fund through the Investment Plan will provide a number of opportunities to address the following priorities in the Council Plan:

Economy: we want Angus to be a ‘go-to’ area for business

  • spend council money locally where we can help to grow our local economy
  • support the creation of local, paid, and lasting job opportunities for our citizens
  • make Angus a low-carbon, sustainable area
  • support business and economic growth by improving the physical and digital infrastructure

People: we want to maximise inclusion and reduce inequalities

  • offer our citizens a range of opportunities to help them achieve their potential and to reduce poverty

Place: we want our communities to be strong, resilient and led by citizens

  • continue to reduce the council’s carbon footprint with the aim of reducing our net carbon emissions to zero by 2045
  • engage with citizens and communities to deliver the right services in the right place and the right time
  • coordinate our place-based activity and investment through the development of the Angus Local Development Plan (known as the Angus Plan)

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