June 28, 2022 | blog
August Chair’s blog
The Shared Prosperity Fund (SPF) is a cornerstone of the Government’s ‘Levelling-Up’ agenda. The idea of levelling up is that people in all parts of the UK should have the same opportunities, regardless of where they live. The SPF is designed to replace EU funding that we could have expected to receive had we not Brexited in 2020. Cornwall and the Isles of Scilly have been allocated £132m over three years. This is the highest allocation outside of Greater London and reflects the needs of our economy.