UK Shared Prosperity Fund definition

UK Shared Prosperity Fund means the UK government fund as described in the UK government’s Prospectus; VAT means value added tax chargeable in the UK; Working Day means in England, any day from Monday to Friday (inclusive) which is not specified or proclaimed as a bank holiday in England pursuant to section 1 of the Banking and Financial Dealings Act 1971 including Christmas Day and Good Friday.
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UK Shared Prosperity Fund. (UKSPF); means the funding provided by DLUHC.
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UK Shared Prosperity Fund. Means the provision of £2.6bn of funding for local investment by March 2025. UK Shared Prosperity Fund: prospectus - XXX.XX (xxx.xxx.xx)
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Examples of UK Shared Prosperity Fund in a sentence

  • We recommend that if any element of competitive bidding were to be incorporated into the UK Shared Prosperity Fund it should be marginal to the main formula-based allocation.

  • The Conservative manifesto defined the purpose of the UK Shared Prosperity Fund as being to “reduce inequalities between communities across our four nations”.

  • We recommend that local partners are given flexibility to define the types of projects on which the UK Shared Prosperity Fund is spent, so long as the activities remain consistent with the wider objectives of the Fund.

  • We recommend that the UK government deploys a robust formula, using up- to-date statistics, to allocate the UK Shared Prosperity Fund within England.

  • We recommend that the management structures for the UK Shared Prosperity Fund make greater efforts to engage local authorities.

  • His Majesty’s Government (the UK government) is providing London with £144,444,970 of funding through the UK Shared Prosperity Fund (UKSPF) to improve pride in place and increase life chances across the UK, investing in communities and place, supporting local business, and people and skills.

  • The view of most contributors to the Inquiry is that the shopping list of activities on which EU funds can be spent has become too restrictive and that the creation of the UK Shared Prosperity Fund allows a fresh start.

  • These seem in principle to be special cases, tied directly to the consequences of Brexit, that the UK government ought to address, though not necessarily through the UK Shared Prosperity Fund.

  • We recommend that if other existing budget lines were to be included in the UK Shared Prosperity Fund the total budget of the new Fund should be increased by the full value of those additional budget lines, and that the present rules on matching finance for projects should be adjusted accordingly.

  • Many of the contributors to the Inquiry were quite blunt on this point: they see no role for competitive bidding between areas for funding from the UK Shared Prosperity Fund.


More Definitions of UK Shared Prosperity Fund

UK Shared Prosperity Fund means the UK government fund as described in the UK government’s Prospectus. VAT means value added tax chargeable in the UK.
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Related to UK Shared Prosperity Fund

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