About the UK Shared Prosperity Fund

The UK Government has set out ambitious plan for change, focused on 5 national Missions - ambitious, measurable, long-term objectives that provide a driving sense of purpose for the country.

The UK Shared Prosperity Fund (UKSPF) proactively supports Mission-delivery, pushing power out to communities everywhere, with specific focus to help kickstart economic growth promoting opportunities in all parts of the UK.

The UK Government’s Autumn Budget (2024) announced a further £900m of funding for local investment for April 2025-March 2026. Derby has received a further £3.2m.

You can find out more in the UK Shared Prosperity Fund prospectus on the Government website.

To access this funding, local authorities were required to submit investment plans to Government for approval by East Midlands Combined County Authority (EMCCA).

Following Government approval of our plan, we can confirm Derby City Council has been awarded £3.2 million of core UKSPF funding that needs to be utilised by 31 March 2026.

This funding has three core investment priorities:

• communities and place
• supporting local business
• people and skills