UKSPF: Transition Year 2025–26
The UK Government has extended the UK Shared Prosperity Fund (UKSPF) until 31 March 2026, with total funding set at £900 million for 2025–26.
As part of the extension, the UK Government has allocated an additional £42.4 million to North Wales for 2025–26. Of this, £8.6 million will go to Denbighshire to support local projects and priorities.
Work on some projects will continue up to September 2026. These projects have not received further funding from the UKSPF.
Investment priorities
The UKSPF will continue to focus on three main investment priority areas. Select one of the following to find out more about each investment priority:
Community and Place
The Community and Place investment priority focuses on improving local spaces and bringing communities together. By investing in neighbourhoods, it aims to build pride in local areas, strengthen community connections, and support long-term economic growth.
The projects being funded in the UKSPF transition year for this investment priority are:
Supporting Local Business
The Supporting Local Business investment priority helps local businesses grow and succeed. Funding can be used to support innovation, improve resilience, and create the conditions for businesses to adapt, compete, and contribute to the local economy.
The projects being funded in the UKSPF transition year for this investment priority are:
People and Skills
The People and Skills investment priority is about helping people overcome barriers to work and access new opportunities. Funding can support training, education, and skills development so that more people are ready for jobs and local businesses have the skilled workforce they need
The projects being funded in the UKSPF transition year for this investment priority are:
National missions
Alongside the investment priority areas, the government has also set out five new national missions to guide future investment:
- Kickstart economic growth
- Make Britain a clean energy superpower
- Take back our streets
- Break down barriers to opportunity
- Build an NHS fit for the future
How projects will be funded in 2025–26
From 2025–26, projects will no longer be measured against the 2022–25 interventions. Instead, they will be linked to mission-led themes and sub-themes within the three priority areas: Communities and Place, Supporting Local Business, and People and Skills.