To approve a further list of projects for year 3 of the UK Shared Prosperity Fund (UKSPF), following the most recent Decision dated 15th Aug 2024.

UKSPF funding is an allocation from Government which lasts for 3 years, with 2024/25 being the final year. It is therefore imperative that all funding is allocated and spent in this financial year as there is no further opportunity to carry funding forward

With limited time remaining to allocate the UKSPF, and no further opportunity to carry funding forward, projects must be approved to allow them sufficient time to deliver before the final deadline (March 2025). Any funding unallocated will need to be returned to Central Government at that time.