Up to £40,000 Development Funding available to support Local Authorities and MCAs claim their share of the UK Shared Prosperity Fund

The UK Shared Prosperity Fund (UKSPF), the £2.6 billion replacement for EU Funding for 2024-25 for all areas of the UK, will be allocated to every Lead Local Authority and Mayoral Combined Authority (MCA)

UKSPF three priorities:

·         Community and Place,

·         Supporting Local Business

·         People and Skills

Investment Plan submission

Local Authorities and MCAs need to submit an Investment Plan by 1st August 2022 to determine their share of fun (submission window opens on 30th June 2022).

£20,000 development funding is available to develop the Investment plan per Lead Local Authority or £40,000 for each MCA. Investment Plans need to include: delivery approach, governance, a 3-year expenditure and deliverables profile as well as detailed capability and resources, value for money, effectiveness, and current arrangements.

Support for the Investment Planning Process

Bidright UK has extensive experience and knowledge of regional and local funding priorities, has supported 100+ organisations to secure £600m EU funding from both local and regional authorities, and worked with commissioners including the Greater London Authority, Big Lottery and Cabinet Office in grant award programmes through to scoring of procurement exercises. We can support lead authorities to develop and submit their Investment Plan to ensure it meets the three key areas of Local context, including challenges and opportunities, selection of Outcomes, Outputs and Proposed Interventions and the overall Delivery Model including governance, expenditure, capability, and resources.

To discuss the range of assistance available and answer any of your questions regarding UKSPF please contact us via supplychain@bidrightuk.co.uk or call us on 020 7157 9543.