Wyre Forest boost from the UK Shared Prosperity Fund

Wyre Forest District Council has been informed that its Investment Plan for funding from the UK Shared Prosperity Fund has been approved.  The district has been awarded £3.155 million over the next three years.

The UK Shared Prosperity Fund (UKSPF) is part of the Government’s Levelling Up agenda. It provides £2.6 billion of new funding for local investment by March 2025. All areas of the UK will receive an allocation from the Fund. The fund replaces the current EU structural funds, which will have finished by the end of 2023. The primary goal of the UKSPF is to help build pride in place and to help to increase life chances across the UK.

Improving town centres and high streets, promoting the visitor economy and helping people back into employment are a few of the priorities Wyre Forest District Council is supporting in its UK Shared Prosperity Fund (UKSPF) Investment Plan which was submitted to Government on Monday 1 August 2022.

Councillor Helen Dyke, Leader of Wyre Forest District Council and Cabinet Member for Economic Regeneration, Planning and Localism said,

“We are very pleased to have our Investment Plan approved which means we can continue our with our hard work to support our local economy. In the preparation of our investment plan, we consulted with a variety of partners and stakeholders including the ReWyre Board - our local partnership group made up of representatives from businesses and strategic organisations from across the local area.

“Our investment plan was shaped by feedback from this consultation and engagement, an assessment of the ambitions, challenges and opportunities of the area and the Council’s priority to support a successful local economy.”

As part of our investment plan, Wyre Forest District Council selected specific interventions and the outputs and outcomes to be achieved through this funding.

The NWedR team is managing the UK Shared Prosperity Fund allocation for Wyre Forest District Council.  The team will be in touch with the organisations and businesses that put forward relevant project proposals in due course.

For more information on the UK Shared Prosperity in the Wyre Forest District visit our webpage.