UK Shared Propserity Fund - Public
The Moray Economic Partnership approved the UK Government allocation of £4.3million from the UK Shared Prosperity Fund (UKSPF) to projects in Moray.
This funding will help bring additional investment to the people of Moray, supporting communities, businesses, employment and tourism.
The fund is a central pillar of the Levelling Up agenda and provides £2.6 billion of funding for local investment across the UK by March 2025, replacing the European Funds from 2023 onwards.
Its aim is to build pride in place and increase life chances across the UK, aiming to empower places to invest in local priorities around three themes:
- Communities and Place
- Local Business
- People and Skills
Moray Council worked with local partners/stakeholders across the themes and engaged with MPs and MSPs to prepare an Investment Plan that set out how it would meet the objectives of the new fund.
An allocation of £4,315,330 of which £3,570,112 is core UKSPF funding and £745,218 is ring-fenced for Multiply activity to support adult numeracy activities for individuals aged 19+ has been agreed.
Communities and Place
Approved projects will be led by Moray Council in consultation with communities and include regeneration and town centre improvements, public realm, support and development of community assets, digital infrastructure, community resilience, and participatory budgeting.
This theme has been allocated a mix of revenue and capital totalling £1,312,350:
| Date | 2022/2023 | 2023/2024 | 2024/2025 |
|---|---|---|---|
| Funding | £142,111 | £297,870 | £872,369 |
Local Business
Approved projects will create business support events, provide ‘green’ specialist advice, support for social enterprise development, employer recruitment incentives and a graduate placement scheme. A range of delivery partners include Moray Council Employability, Business Gateway, Highlands &? Islands Enterprise, tsiMORAY and Moray Chamber of Commerce.
This theme will receive revenue funding totalling £752,588:
| Date | 2022/2023 | 2023/2024 | 2024/2025 |
|---|---|---|---|
| Funding | £97,052 | £189,554 | £465,982 |
People and Skills
The funding will be used to boost core skills and support adults to progress into work, including targeting adults with no or low level qualifications, upskilling the work population and encouraging innovative approaches to reducing adult learning barriers. Support will also include money advice, and will meet identified gaps in the Moray Pathways.
This theme, will receive revenue funding totalling £1,505,174:
| Date | 2022/2023 | 2023/2024 | 2024/2025 |
|---|---|---|---|
| Funding | £194,103 | £379,107 | £931,964 |
Multiply will increase skills and support adult numeracy activities, receiving a total of £745,218:
| Date | 2022/2023 | 2023/2024 | 2024/2025 |
|---|---|---|---|
| Funding | £225,298 | £259,960 | £259,960 |
Further Information
For more information and any queries regarding the Moray UK Shared Prosperity Fund, please contact: Alan Macbeth: alan.macbeth@moray.gov.uk
For more information on the UK Shared Prosperity fund, please visit the website: https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus/uk-shared-prosperity-fund-prospectus
For organisations delivering projects we have a separate webpage here showing some of the rules and reporting forms.