Funding

How we are delivering funding across York and North Yorkshire.

Mayoral Investment Fund

The York and North Yorkshire devolution deal includes a Mayoral Investment Fund worth £540 million. This is £18 million every year for 30 years. This fund is in addition to devolved funding for transport, education and business support.

These programmes will deliver on the priorities that are set out in the Economic Framework and the Mayor’s Vision.

UK Shared Prosperity Fund

The UK Shared Prosperity Fund 2025-2026(UKSPF) is a national Fund focused on pushing power out to communities, helping to kickstart economic growth, and promoting opportunities in all parts of the UK.

The UK government’s Autumn Budget (2024) announced a further £900 million of UKSPF investment. York and North Yorkshire Combined Authority is accountable for an allocation of £8,782,899 up to March 2026. This allocation is made up of £2,914,393 Capital funding (a minimum requirement) and £5,868,506 of Revenue funding (a maximum limit).

Rural England Prosperity Fund

Following a further announcement, York and North Yorkshire Combined Authority will also receive an allocation of £1,748,017 from the Rural England Prosperity Fund 2025-2026. This national Fund is intended to strengthen rural communities and the rural economy in eligible areas. This is Capital funding only (to be spent on lasting assets such as buildings or equipment) and must also be delivered by March 2026.