The UK Shared Prosperity Fund (UKSPF) is a pot of funding focused on local delivery to help kickstart economic growth and promote opportunities in all parts of the UK.
York and North Yorkshire Combined Authority YNYCA have been awarded £8,782,899 (£2,914,393 Capital / £5,868,506 Revenue) for 2025/26. This funding is to be split between three themes:
- Communities and Place;
- Support for Local Businesses; and
- People and Skills.
The UKSPF 2025/26 follows the success of UKSPF 22/25 that was delivered by North Yorkshire Council and City of York Council. However, since the first round of funding, new devolution deals have been made, meaning that we will deliver UKSPF 25/26.
Over the coming weeks we will be working to bring some exciting opportunities and programmes to you – currently in planning. Our work in 25/26 has been greatly influenced by the successful engagement of so many over the last three years – initial details around our intentions were included in the CA meeting on the 7th March. From this approval point, we will now be able to engage with a wide range of stakeholders, partners and communities to ensure programme development truly meets need.
Following a further recent announcement, York and North Yorkshire will also benefit from additional Rural England Prosperity Funding of £1,748,017.
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Communities and Place
The communities and place investment priority focuses allowing the benefits of UKSPF funding to be felt at a neighbourhood-level.
As part of this area of work the programmes will look to bring communities and people together; we will explore the development of ‘Community Wealth Building’ across our region, work on community digital inclusion, volunteering and improving the health and wellbeing of our residents.
Support for Local Businesses
This theme will enable us to help local businesses thrive, innovate and grow. To do this we will look at projects that promote digital inclusion, support our local visitor economy, and gives advice and support to businesses and their sustainability.
People and Skills
The People and Skills theme will be used to help reduce barriers some people face when trying to access employment and education. This will help support the development of employment related skills and offer opportunities for people to progress towards employment. Employers will also be supported with tailored skills development programmes, designed to address gaps, and further extend knowledge of essential business needs.
