12 May 2022
As part of the UK Government’s Levelling Up agenda, local authorities around the country have received details of their UK Shared Prosperity and Multiply Fund allocations.
For the East Riding of Yorkshire Council, this means an allocation of £10.4 million from the UK Shared Prosperity Fund (UKSPF) and £1.5 million for Multiply.
These funds replace the support that local authorities previously accessed through the European Structural and Investment Funds prior to the UK’s exit from the European Union.
East Riding of Yorkshire Council needs to submit investment plans which detail how the UKSPF and Multiply allocations will be spent over the next three years to improve local places, support businesses and improve skills.
The investment plans must be submitted by 1 August 2022 and 30 June 2022 respectively. Both plans will then be subject to approval by the government.
To support the development of the investment plans, the council would like to engage with a wide range of local stakeholders from the private, public, community and voluntary sectors to get their input on how the funding should be spent and how they can support delivery in the period from 2022 to 2025.
To kick-start this engagement, the council is hosting an initial webinar to provide an overview of UKSPF and Multiply, focusing on its three priorities (below), and inform groups and organisations how they can get involved in shaping the investment plans:
The webinar will take place on Thursday, 26 May 2022, between 10:00 – 11:30. Stakeholders can register for the webinar for free on Eventbrite:
A link to join the webinar on Zoom will be shared with those who register prior to 26 May.
To harness ideas and input from local stakeholders, the council has also set up an online project ideas form, which can be accessed through our grant management system, Flexi-Grant. Stakeholders who want to propose projects for inclusion in the investment plans will use this form to submit their ideas to us. A link to the form will be provided during the webinar.
All ideas will be considered; however, submission of a project ideas form does not guarantee that a proposal will be included in the investment plan.
Selection will be based on how well a project fits in with the funds’ priorities and outcomes and how well they demonstrate deliverability, evidence of need, partnership working and value for money.
An application process for organisations wishing to apply for funding will be launched later in the year once the investment plans are complete.
Cllr Jane Evison, portfolio holder for economic investment, growth and tourism at East Riding of Yorkshire Council, said: “This is an opportunity for local people and local businesses to come together and have their say on how they would like to see the UK Shared Prosperity Fund spent in the East Riding.
“The webinar has been set up to provide information to stakeholders from a wide range of sectors and there will be opportunities to then engage further with the council following the event. We want to engage with people who have great project ideas and people who are really passionate and ambitious about the East Riding.”
Prior to the webinar, participants are strongly encouraged to read through the guidance on the UKSPF and Multiply Funds on the government’s website:
Public Relations Officer
East Riding of Yorkshire Council
Notes to Editors
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.
It focuses on domestic priorities and targets funding where it is needed most: building pride in place, supporting high quality skills training, supporting pay, employment and productivity growth and increasing life chances. The fund aims to enable truly local decision making and better target the priorities of places within the UK. It will lead to visible, tangible improvements to the places where people work and live, alongside investment in human capital, giving communities up and down the UK more reasons to be proud of their area.
Multiply is the key priority within the UK Shared Prosperity Fund which aims to improve numeracy skills in adult (19+). It supports the government’s Levelling Up mission to ensure that by 2030, the number of people successfully completing high-quality skills training will have significantly increased in every area of the United Kingdom.
The government has noted that numeracy is universally important for individuals’ life chances, and for the UK economy. Roughly half of the working-age UK population has everyday maths skills equivalent to those expected of a primary school child.
People who improve their numeracy skills are more likely to be in employment, have higher wages, and enjoy better wellbeing. Gaining a maths qualification at Level 2 or equivalent also opens pathways for an individual to progress to higher levels of training and secure a skilled job.