1. Overview
What was the UK Shared Prosperity Fund?
The UK Shared Prosperity Fund (UKSPF) was a UK government programme that provided funding for local growth and investment. The Fund aimed to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills.
UKSPF was originally funded for a three-year period between 2022/23 and 2024/25 with a total pot of £2.6 billion. The fund was then extended for one additional year at a reduced amount of £900 million for 2025/26. The UKSPF Programme ended in March 2026.
What funding has East Devon received?
East Devon was allocated £1,796,363 through the UK Shared Prosperity Fund (UKSPF) for the three year period (2022/23 to 2024/25). East Devon was allocated an additional £854,298 through the Rural England Prosperity Fund (REPF) over a two year period (2023/24 to 2024/25). The Rural England Prosperity Fund is an additional funding stream that is focused on improving productivity and strengthening rural economies and communities.
Devon’s funding for 2025/26 was allocated to the newly created Devon and Torbay Combined County Authority (CCA). They allocated EDDC £465,588 of UKSPF and £256,249 of REPF funding for the 4th year of EDDC's UKSPF Programme.
