North Wales Shared Prosperity Fund

As part of the UK’s Shared Prosperity programme, over £20m has been earmarked for the county of Gwynedd, with some of the funds committed to establishing grant funds for supporting Voluntary Sector projects.

Mantell Gwynedd announced the good news at the end of August 2023 that £1.5 million had been earmarked to share amongst voluntary and community groups in Gwynedd.

The Fund opened on the 1st of September and closed on 30th September.

Revenue and capital funds were available between 2k and 250k to support projects that will lead to improving the quality of life of the residents and communities of Gwynedd.

85 applications with a value of over £3.7 million were received for the Fund, and 37 projects were successful.

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Progress of Projects

The majority of projects have started with 3 projects completed. We will report shortly on some of the results.

What is the Shared Prosperity Fund?

The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK Government’s Levelling Up agenda and will provide £2.6 billion of funding for local investment by March 2025.

In Wales, local areas must work with others within their region to deliver the Fund.  The North Wales region includes the counties of Conwy, Denbighshire, Flintshire, Gwynedd, the Isle of Anglesey and Wrexham. The local authorities in North Wales will work together to administer the UKSPF.

However, all fund decisions will be made locally in each area. Local authorities will decide which projects will receive money advised by a partnership of local stakeholders.

Applicants can submit an application to deliver projects in one or more local authority area.  Each local authority area will determine whether or not they wish to support an application.

A total of £126.46 million has been allocated form the UKSPF to North Wales.

Allocation per Local Authority

  • Gwynedd -                 £24,423,747
  • Anglesey -                 £16,081,937
  • Conwy -                      £24,520,120
  • Denbighshire -          £25,64,958
  • Flint -                          £13,102,933
  • Wrexham -                 £22,684,205

The funding includes both capital and revenue money for the period 1 April 2022 to 31 March 2025. 

Each local authority will determine how they wish to select projects for UKSPF support. However, common considerations will include:

  • the alignment of proposals with UKSPF priority investments and interventions;
  • proposals' anticipated outputs and outcomes;
  • additionality and alignment of proposed projects with current and planned activity;
  • deliverability and the capacity / capability of the applicant (including awareness of legal and regulatory requirements)
  • alignment with national, regional and especially local strategies, priorities and needs;

Local areas will consider the overall mix of activities proposed as well as individual proposals to ensure the needs of their localities are addressed and the objectives of the UKSPF investment priorities are addressed.