Financial Support

Shared Prosperity Funding

The UK Shared Prosperity Fund (UKSPF or the Fund) is a central pillar of the UK government’s ambitious Levelling Up agenda and a significant component of its support for places across the UK. It provides £2.6 billion of new funding for local investment by March 2025, with all areas of the UK receiving an allocation from the Fund via a funding formula rather than a competition. It will help places right across the country deliver enhanced outcomes and recognises that even the most affluent parts of the UK contain pockets of deprivation and need support.

Torfaen's Economic department has successfully been awarded a share of the Shared Prosperity Fund which is now available in the following funds:

Spring Tech Support

Available towards tech expenditure, such as the purchase or upgrade of: laptops, tablets, specialist software, robotic

Spring Soft Landing Support

3 months’ free office space to get your tech business off the ground at Springboard

Springboard Business Innovation Centre ~ Wales is here to encourage and support high growth science and technology businesses. Based in Cwmbran within a few minutes of the M4 corridor.


This project is funded by the UK government through the UK Shared Prosperity Fund

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