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UK Shared Prosperity Fund

The UK Shared Prosperity Fund will provide £3.5 billion of funding for local investment up to March 2026. This fund replaces European Union structural funds. The fund is focused on building pride in place, supporting high quality skills training, supporting pay, employment and productivity growth and increasing life chances in local places.

Lancaster City Council's allocation will be split between the following three core Priorities, as defined by Government:

  • Communities & Place
  • Supporting Business
  • People & Skills

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