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 2026, 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:
Available towards machinery and equipment
This project is funded by the UK government through the UK Shared Prosperity Fund
