In February 2022, the UK Government launched the UK Shared Prosperity Fund (UKSPF). This fund was part of the “Levelling Up” plan, designed to support communities that need it most.
Thanet District Council received £1.15 million from this fund.
The council created a plan to spend this money, following strict government rules. This plan focuses on using the funding to solve specific challenges that face our local communities.
The main goal of this funding is to improve life for residents in Thanet and bring the community together.
The work focuses on three main priorities:
- Community and Place
- Supporting Local Businesses
- People and Skills
The UK Shared Prosperity Fund has set clear goals to help areas that need it most. These goals are to:
- Improve jobs and pay to raise living standards.
- Create better opportunities and improve public services.
- Build local pride so people feel they belong.
- Give power to local people so they have a say in their community.
We have funded several specific projects to meet these goals. These include:
- Research to understand what local charities and groups need.
- Working directly with community groups.
- Creating opportunities for jobs and volunteering.
- The Community Champions scheme.
- A grants programme to provide funding for local projects.
Delivering Shared Prosperity in Thanet Report – updated July 2024
If you need this document in an accessible format, please email SharedProsperity@thanet.gov.uk
PermalinkDecember 2024, the UK Government confirmed the UK Shared Prosperity Fund (UKSPF) was to be extended for one final year from April 2025 to March 2026.
Thanet District Council will continue to manage the fund and was awarded £546,557 to spend by 31 March 2026. This is split into two parts:
- £69,671 for “Capital” (buildings, equipment, and assets).
- £476,886 for “Revenue” (running costs and services).
The Phase Two delivery plan is rooted in evidence and underpinned by data, feedback and learnings from the first phase of the programme, which showed us that there was still work to do in delivering the interventions focussed on skills, employability and business support which only had one year of delivery (2024-2025).
Youth unemployment numbers published continue to rise and Thanet has the highest youth unemployment rates in the south-east.
The extension into a final year provided us the opportunity to consolidate achievements, deepen partnerships and continue building on the successes of previously funded projects.
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