UK Shared Prosperity Fund (UKSPF) case studies
Between 2022 and 2025, London was allocated £144m through the UK Shared Prosperity Fund (UKSPF) to then re-allocate across three priority areas:
The Mayor invested £62m into 28 local projects, granting funding to London boroughs and London & Partners to support small businesses Londonwide.
This strand of funding is helping to boost small business productivity, encourage growth, and increase job opportunities.
£38.1m has been invested into the People and Skills priority. It supports local growth, helping reduce some faced barriers to employment and education with a focus on young Londoners and economically inactive and unemployed people.
London boroughs were awarded funding from two UKSPF investment priorities, Communities and Place and Supporting Local Business.
The Communities and Place investment priority is enabling the restoration and improvement of community spaces. It aims to strengthen the social fabric of communities whilst creating the foundations for economic development at the neighbourhood-level.
The UK Shared Prosperity Fund (UKSPF) is a central UK government programme, providing funding for cross-UK investment.
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Watch the UKSPF summary video
Below, you can read about some of the work taking place.
Read our case studies
Supporting underrepresented founders in securing investment and achieving growth.
Unlocking the transformational potential of small business to make them more resilient and productive.
Provide friendly community spaces where residents can relax, encounter familiar faces and meet new people.
Showcasing the creative talents of residents and businesses in Enfield through public art installations.
Business support interventions helping businesses move towards an equitable and inclusive net zero economy.
Celebrating the talent of Lewisham’s Global Majority communities.
Delivering a bespoke support programme to enable and empower SMEs to take action on climate change.
Promoting entrepreneurship in Haringey, focusing on young people, female entrepreneurs and founders from diverse backgrounds.
Helping small business owners and pre-start businesses access the resources, support and training needed to grow.
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