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Basildon for Business - The UK Shared Prosperity Fund (UKSPF)

Decorative image showing UK Government

Decorative image showing UK Government
Decorative image showing Levelling up
On the 13 of April 2022, the UK government published the UK Shared Prosperity Fund: prospectus (opens new window), announcing Basildon Borough's allocation of UKSPF and detailing how they expect Basildon Borough Council to work with local partners, and other Lead Local Authorities, to prepare a UKSPF Investment Plan. This needs to be submitted to the Department for Levelling Up, Housing and Communities (DLUHC) by the 1 August 2022 at the very latest.

The purpose of this Investment Plan is to set out how Basildon intends to spend the £1,281,877 of UKSPF funding that it has been allocated between 2022 and 2025, to achieve the overarching goal of Building Pride of Place and Increasing Life Chances, in Basildon Borough.

On the 5th December 2022, we received a notification from DLUHC about the outcome of the validation of our UKSPF Investment Plan, which required two minor amendments to the deliverables spreadsheet. Following further communication, our UKSPF Investment Plan was formally approved on 13 of January 2023.

The purpose of this web page is to publish information about the membership and work of the Basildon Borough UKSPF Investment Panel and provide details of the lead officer responsible for co-ordinating the process of developing the prospectus.

In publishing this information, we welcome approaches from a range of partner organisations who may want to understand more about the process and what the potential proposals are.

Prior to the submission of the Investment Plan we scheduled three Basildon Borough UKSPF Investment Panels, which were held virtually to agree the Investment Plan. Following approval, the Committee will continue to meet, in order to oversee the implementation of the plan.

For more information about the work of the Committee and these meetings, please click on any of the links below. For ease, we have also included a summary of the main elements of our UKSPF Investment Plan below (i.e., the evidence base, proposed priorities, outcomes, outputs and indicative budget):

In addition to the above, we plan to consult with a range of partners and are open to meeting with stakeholders who may want to understand more about the process.

The officer responsible for leading the process to develop the Basildon Borough UKSPF Investment Plan is the Head of Economic Development, Jim Sims. He can be contacted on businessassist@basildon.gov.uk (opens new window)

Meeting Papers

Basildon Borough UKSPF Panel Meeting - 27 May 2022

Basildon Borough UKSPF Panel - 29 June 2022

Basildon Borough UKSPF Panel Meeting - 19 July 2022

Basildon Borough UKSPF Panel Meeting - 7 October 2022

The UK Shared Prosperity Fund (UKSPF) is the government's domestic replacement for the European Structural and Investment Programme (ESIF) which the UK continues to participate in until 2023. The ESIF programme was essential for local regeneration, employment and skills.