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Headline
UK Shared Prosperity Fund & Multiply webinar takes place this Thursday
Date
Mon, 23 May 2022
Description

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 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.

The 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:

  • Community and Place
  • Supporting Local Business
  • People and Skills

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:

https://ukspf_multiply_east_riding_webinar.eventbrite.co.uk

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.

Prior to the webinar, participants are strongly encouraged to read through the guidance on the UKSPF and Multiply Funds on the government's website:

https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus

https://www.gov.uk/government/publications/uk-shared-prosperity-fund-interventions-outputs-and-indicators

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1068822/Multiply_Investment_Prospectus.pdf

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