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UK Shared Prosperity Fund

Last week the Government issued further details on a new funding stream called UK Shared Prosperity Fund (UKSPF). Through the UKSPF, East Staffordshire will receive £3.8m to deliver regeneration between April 2022 and March 2025, with the County Council receiving a separate allocation for initiatives on skills and education. More levelling up funding direct from the government is always welcome and we will make the most of this funding, pushing forward our TC regeneration plans.

The Council is required to create an investment plan for East Staffordshire which will be submitted to Government by the end of July, which identifies priority areas for intervention in East Staffordshire, in line with the UKSPF prospectus. A decision on the plan should then take three months, with funding made available from October 2022. 

This is another short time frame and we have already started putting the strategy together, this week we’ll be briefing Councillors on the funding, so I hope to be able to announce very soon where we think this funding should be prioritised. 

Councillor George Allen, Leader of the Council