Denbighshire County Council welcomed the UK Government’s announcement in December 2022 that the North Wales Regional Investment plan for the Shared Prosperity Fund had been approved.
The UK Shared Prosperity Fund (UKSPF) replaces funding which the council originally received from the European Structural and Investment Programme (ESIF).
Denbighshire County Council was allocated a total of £25.6 million from this fund to invest over three years. This is broken down into £21.2 million of core funding and £4.4 million for the national 'Multiply' programme.
Investment plan
An investment plan was submitted to UK Government on 1st August 2022. The themes that emerged from the Council’s Corporate Plan 2022-2027 helped to develop the investment plan and targets working towards delivering fair employment and good working opportunities for all, as well as creating and developing sustainable places and communities that we can be proud of.
The plan takes account of the three themes of the fund as set out by Government:
- Communities and place
- Local businesses
- People and skills
In developing the plan, we are mindful of the fund's objectives set by government:
- Boost productivity, pay, jobs and living standards
- Spread opportunities and improve public services
- Restore a sense of community, local pride and belonging
- Empower local leaders and communities
While developing our local investment plan, we worked in partnership with councillors, MPs and local stakeholders including businesses and residents.
Wider region
The investment plan - whilst written at a Denbighshire delivery level - will also be aligned with a regional investment plan to show how we are working with neighbouring authorities to share learning and best practise and identify areas for collaboration where greater benefits for residents may be delivered better across a wider geography.
The neighbouring authorities we are working with are:
- Gwynedd Council
- Conwy County Borough Council
- Flintshire County Council
- Isle of Anglesey County Council
- Wrexham County Borough Council