2. Objectives of the fund
UK Shared Prosperity Fund (UKSPF) funds support the government’s wider commitment to level up all parts of the UK by delivering on each of the levelling up objectives:
- boosting productivity, pay, jobs and living standards by growing the private sector especially in those places where they are lagging behind
- spread opportunities and improve public services, especially in those places where they are weakest
- restore a sense of community, local pride and belonging, especially in those places where they have been lost
- empower local leaders and communities, especially in those places lacking local agency